Practice Management

Internal Revenue Service commissioner John Koskinen is putting his hopes in the IRS’s recently introduced Form 1023-EZ, which is intended to expedite applications by small charities for tax-exempt status facing a long backlog.

SocialCPAs, a group that aims to help accounting professionals with social media, has re-launched its annual survey on social media use.

A bill requiring government agencies to disclose how much companies would be able to claim in tax credits and other benefits when they reach settlements with enforcement agencies has passed a key committee.

The online audit confirmation service Confirmation.com has expanded its presence in Europe with the acquisition of ProConfirm Ltd., an electronic audit confirmation service based in London.

A group of Democratic lawmakers has introduced legislation designed to prohibit federal contracts to multinational companies that use corporate inversions to cut their tax rates.

The Treasury Department’s Financial Crimes Enforcement Network is hoping to lift the veil on the use of anonymous companies for financial transactions by forcing financial firms to disclose and verify the identities of the actual people, or “beneficial owners,” behind the transactions.

Getting a foreign address isn’t the only way American companies are skirting corporate income taxes.

The Big Four accounting firms are reportedly rebuilding their legal service practices, after abandoning much of that area over a decade ago in response to Sarbanes-Oxley restrictions.

Lois Lerner, the former director of the Internal Revenue Service’s Exempt Organizations unit, referred to “crazies” and “---holes” in an email exchange uncovered by Republican lawmakers on the tax-writing House Ways and Means Committee.

New York Governor Andrew Cuomo said Wednesday that 40 tax preparers across the state have been suspended by the state tax department under new regulations requiring them to file their own taxes.