Practice Management

The Senate Finance Committee held a hearing Tuesday on the subject of incompetent and unethical tax preparers and heard testimony on how the Internal Revenue Service should deal with them.

House Republicans are showing no sign that they’ll move forward legislation the Senate passed restoring benefits for the long-term unemployed.

The Marketplace Fairness Act, which was supposed to finally settle the question of how states can tax online sales, appears to have stalled in Congress after passing the Senate last year.

PricewaterhouseCoopers completed its acquisition of Booz & Co. last week, renaming the management consulting firm as Strategy& (pronounced “Strategy and”).

The Internal Revenue Service said that a qualified tax professional who has a Form 8821, Tax Information Authorization, on file may now request a client’s account transcript using the Transcript Delivery System.

Transition Advisors president Joel Sinkin discusses how firms can overcome the obstacles they may encounter when they enter the M&A process, in an interview with Accounting Today editor-in-chief Daniel Hood.

New York’s top banking regulator is investigating whether Credit Suisse Group AG’s private banking practices resulted in the evasion of state taxes, according to a person with knowledge of the matter.

The Internal Revenue Service paid out $53 million in whistleblower awards last year, a steep decline from the $125 million paid to whistleblowers in 2012, according to an annual report by the IRS Whistleblower Office.

PricewaterhouseCoopers LLP’s acquisition of consulting firm Booz & Co., completed this week, has U.S. regulators eyeing the potential for conflicts of interest in the auditing industry—again.

Some of our favorite recent tax fraud cases.