Practice Management

As the May 15 deadline approaches for tax-exempt organizations to file the Form 990, 990-EZ and 990-PF, the Internal Revenue Service is warning them not to include Social Security numbers and other personally identifiable information in their tax forms.

“Failure” is a word that has a definite negative connotation in the vocabulary of a managing partner or CEO, but in the new concept of leadership management a collaborative failure should not be observed as a bad occurrence.

BDO USA LLP has added the Fort Worth, Texas-based regional accounting firm Hartman Leito & Bolt. The merger is expected to close on June 1.

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.