Practice Management

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.

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

A pair of Democratic lawmakers have introduced a bill that would provide tax relief to student loan borrowers who have been granted debt relief after consistently repaying their student loan debt for at least 20 years, giving them an exemption from being taxed on the amount forgiven on the loans.