Practice Management

Internal Revenue Service Commissioner John Koskinen testified before the House Ways and Means Oversight Subcommittee on Wednesday about the 2014 tax filing season and other matters, including problems with administering the Earned Income Tax Credit and oversight of tax preparers.

There are a number of due dates that don’t apply to all taxpayers, but are easily missed when they do apply and will subject the taxpayer to harsh penalties if they overlook them.

Switzerland and Singapore agreed to automatically share bank data across borders as governments around the world seek to crack down on tax evasion.

The House Ways and Means Committee may have broken the law when it publicly disclosed confidential taxpayer information in a letter to Attorney General Eric Holder.

Nearly two-thirds of corporate tax leaders are skeptical about the two-year timeline set by the Organization for Economic Cooperation and Development for curbing multinational tax avoidance, according to a new survey by KPMG.

Spring is here, tax season is over, the sun is out, it is time to get out on the course and hit the little white ball into the hole 400 yards away.

Credit Suisse Group AG is close to resolving a U.S. tax-evasion probe with an agreement that might include a penalty of more than $1 billion, after creating a separate entity last year to house the businesses involved.

KPMG LLP has acquired a majority of assets of the restructuring advisory firm BBK.

Brager Tax Law Group is sponsoring a contest with the goal of educating tax professionals and taxpayers about the complicated rules surrounding foreign bank account reports.

Service line diversification might be on your mind – and it should be.