Practice Management

Some of our favorite recent tax fraud cases.

The Tax Court recently upheld a ruling that patent holders must give up control of a transferred patent to treat royalty income from it as capital gains.

One time I received a call with a referral from another professional that was an adversary in a contentious deal on which I represented a client. I thanked him but expressed surprise since we seemed to always be at each other’s throats.

The Affordable Care Act and how it will affect the upcoming tax season seems to be clearer, according to Chuck McCabe.

The IRS could improve the way it picks problematic paid preparers for further enforcement actions, according to a recent report.

The federal government has filed eight civil injunction suits in Florida to shutter 192 “Loan Buy Sell Tax Services” Tax Services locations.

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

Top 10 Firm CohnReznick LLP has signed a letter of intent to combine with Bethesda, Md.-based Top 100 Firm Watkins Meegan LLC on November 1.

The Internal Revenue Service introduced Form 1023-EZ in July to streamline application for recognition of tax exemptions under Section 501(c)(3) of the Tax Code. However, the agency’s decision to streamline exempt processes has sparked criticism from large charity groups, although some have applauded the agency for introducing this program.

The IRS is warning international financial institutions complying with the Foreign Account Tax Compliance Act of an ongoing fraud.