Tax practice

The U.S. Supreme Court has affirmed Nevada’s exercise of jurisdiction over the California Franchise Tax Board, but limited the damages that could be awarded to the amount which Nevada law would permit in a similar suit against its own agencies.

Rep. Sander Levin, D-Mich., the ranking member of the tax-writing House Ways and Means Committee, and other House Democrats introduced legislation Wednesday to restore the estate tax and gift tax rate and exemption level to the same amounts as in 2009.

Uh-oh. You messed something up on your tax return. What now?

Highlights of some of our favorite tax-related blogs from the past week.

The House Ways and Means Oversight Subcommittee held a hearing Tuesday on the 2016 filing season and the Internal Revenue Service’s cybersecurity efforts.

When it comes to driving the U.S. economy, small businesses translate into big dollars.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

A number of mobile tax apps could be putting users’ personal information at risk of exposure to hackers, according to security researchers.

I always ended tax season with my office closed the next day. It is a day to clear your mind and come down from a high-performance mentality.

Liberty Tax Service has closed 28 of its franchised locations in the New York City area, instructing them to cease preparing and filing tax returns for the remainder of the 2015 tax filing season.

The Senate Finance Committee has dropped a provision for regulating tax preparers from legislation that would curb identity theft and tax fraud.

This probably will beggar belief for the millions of Americans struggling to meet this year's April 18 deadline to file their income tax returns, but the Internal Revenue Service says it has gotten better at handling taxpayer questions.

Group of 20 economies threatened to penalize havens that don’t share information on their banking clients after the leak of the Panama Papers provoked a global uproar over tax evasion.

The Internal Revenue Service is warning tax professionals about a new scam in which cybercriminals obtain remote control of tax preparers’ computer systems, complete and file client tax returns, and redirect tax refunds to thieves’ accounts.

Vermont Senator Bernie Sanders and his wife earned $205,271 in adjusted gross income in 2014 and paid $27,653 in taxes—an effective rate of about 13.5 percent, according to documents released Friday.

President Barack Obama and his wife, Michelle, reported adjusted gross income of $436,065 for 2015, down 8.7 percent from the previous year, according to tax returns released Friday by the White House.

A roundup of some of our favorite recent tax fraud cases.

Highlights of some of our favorite tax-related blogs from the past week.

Many CPAs are involved with estate planning and need to determine the assets and liabilities of a client.

Most people think of April as income-tax month for individuals, but it’s also the biggest business tax-filing month of the year. Why? Because four out of every five U.S. businesses are “pass-throughs,” meaning they are taxed on individual returns at individual rates.