Practice Management

A tax preparer in Rochester, N.Y., faces up to 10 years in prison and a fine of $853,766 after creating fictitious employers for clients and filing tax returns claiming the Earned Income Tax Credit on their behalf.

Almost 50 years after Oscar-winning actor Yul Brynner gave up his passport at the U.S. embassy in the Swiss capital, the number of Americans relinquishing their citizenship jumped 47 percent in the first quarter.

Xero chief technology officer Craig Walker talks about the biggest technology changes affecting accounting over the next five years, such as the cloud, in an interview with Accounting Today editor-in-chief Dan Hood.

If you have been reading these Art of Accounting articles, you probably know some of my early work history, but I will reiterate it here and complete it.

The Internal Revenue Service has issued a revenue procedure and notice to provide temporary penalty relief to plan administrators who don’t file their Form 5500 or 5500 EZ forms on time.

Some of our favorite recent tax fraud cases.

Congressmen Mark Pocan, D-Wis., and Scott Peters, D-Calif., along with 21 other House Democrats, have introduced legislation to lower all federal student loans to 4 percent and allow borrowers to refinance their student loans at a lower rate.

A pair of Democratic senators said they intend to close loopholes in the corporate inversion tax rules that encourage multinational corporations to move their headquarters outside the U.S. by acquiring a company overseas.

The Internal Revenue Service said it is looking at a plan to realign compliance operations inside its two largest business units, Wage and Investment (W&I) and Small-Business Self Employed (SB/SE).

The U.S. House of Representatives voted to revive the tax credit for corporate research, expand it and make it permanent.