Roger Russell

It’s no surprise that the experience of going through a random IRS audit affects future behavior. What is surprising is how the expected change in behavior—increased reporting of taxable income, and presumably, increased compliance—differs from corporations to individuals, and from individuals subject to third-party information to those who are not.

With the average cost of a wedding soaring to $30,000, prospective brides and grooms—and their parents—have a lot more to worry about than simply planning the details of the day.

A federal appeals court has reversed the Tax Court, handing a supermarket chain a victory in its attempt to deduct rewards that shoppers had earned but had not yet redeemed at the end of the year.

States are hungrier than ever, an annual sales tax survey finds

The Tax Court said no to an accountant and tax preparer who tried to deduct the cost of law school.

Cyber-liability tops the list of emerging malpractice worries

Although the initial flurry of publicity surrounding the leak of the Panama Papers has subsided somewhat, the release serves as a reminder that there’s a real problem for taxpayers still holding offshore accounts that they haven’t reported, according to Ivan Golden, an attorney at Schiff Hardin LLP.

The Tax Court has decided in favor of a taxpayer who insisted her hair-braiding business was not a hobby.

Timely and meaningful access to the Internal Revenue Service is what is most important to taxpayers and tax preparers, according to Troy K. Lewis, chair of the American Institute of CPAs’ Tax Executive Committee.

Sometimes, the elevation of form over substance can be costly for those who commit a “foot fault” in structuring a transaction in the tax arena.