Practice Management

President Barack Obama and his wife, Michelle, reported adjusted gross income of $481,098 for 2013, down 21 percent from last year, according to tax returns released yesterday by the White House.

Taxware announced the acquisition of VAT Resource, The Netherlands-based independent VAT technology, consulting and compliance outsourcing company.

U.S. states are trying to capture corporate income taxes lost to offshore havens, wary of companies exploiting rules that let them channel cash abroad and weary of congressional inaction.

Some of our favorite recent tax fraud cases, including one preparer who is alleged to have sent in a false return for her dead mother.

Internal Revenue Service commissioner John Koskinen addressed a special thank you to the tax community in an email to tax professionals Friday, noting that their work is “critical to running the tax system and helping the nation.”

Write-ups are extinct. When I started in 1963, most small CPA firms primarily did write-ups. After I started my practice in 1969, it became an embarrassment to say I did write-ups. It connoted something beneath my “professional” status. I think a problem today is that write-ups no longer exist for younger staff.

The Internal Revenue Service has released the 2014 version of “The Truth about Frivolous Tax Arguments,” a document that describes and responds to some of the common frivolous tax arguments made by those who oppose the federal tax laws.

The U.S. Office of Special Counsel has recently investigated several cases in which Internal Revenue Service employees allegedly engaged in partisan political activity in the workplace, advocating in support of President Obama.

The United States is working with other countries on multinational corporate tax issues, including the increasingly thorny issue of base erosion and profit shifting.

While the tax code definition of useful life for business assets is intended to correspond to their actual life, this isn’t always the case.