Practice Management

President Barack Obama attacked companies that use cross-border mergers to escape U.S. taxes, accusing them of being “corporate deserters who renounce their citizenship to shield profits.”

The House approved legislation to consolidate four different tax incentives for higher education into a single tax credit.

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

For tax preparers who aren’t interested in extending their tax business beyond the end of April, but who would like to keep themselves and their staff employed in some meaningful activity, accountant Craig Comer has a suggestion: go into another seasonal business.

The U.S. Senate advanced a narrow attempt by Democrats to limit tax breaks for companies moving jobs out of the U.S.

At least four Democrats on the Senate Finance Committee say they’re not ready to back the push by President Barack Obama and party leaders for retroactive tax legislation to prevent companies from moving their legal addresses out of the U.S.

PricewaterhouseCoopers has released a new paper on how companies can get ready for the newly converged revenue recognition accounting standard.

On the same day that the Securities and Exchange Commission issued long-awaited rules for money market mutual funds, the Internal Revenue Service has issued its own rules for money market funds and wash sales.

Expiration of the research tax credit imperils the orphan drug credit, and the lives that depend on it.

New York accounting and business advisory firm Margolin, Winer & Evens recently launched an Instagram account at the annual company picnic.