Practice Management

State tax policies need to be updated to better address new business models such as cloud computing, as well as a change that began long ago—the nation’s shift toward a service-based economy, according to the just-published Bloomberg BNA’s 14th annual Survey of State Tax Departments.

The U.S. House of Representatives plans to vote in May to make the research tax credit permanent, the first step toward ending a 33-year lapse-and-revive cycle that has frustrated companies such as Intel Corp. and Agilent Technologies Inc.

The Internal Revenue Service has released a draft of an easier-to-use Form 1023-EZ for charities that are seeking tax-exempt status.

CPA and consulting firm Wipfli has expanded its array of sustainability services to include a number of new assessment services.

A tax preparer in Queens, N.Y., has been sentenced to eight and a half years in prison for stealing children’s identities and claiming them as dependents on nearly 1,000 false tax returns.

The American Institute of CPAs has written to the head of the tax-writing House Ways and Means Committee voicing strong opposition to draft legislation that would limit the use of the cash method of accounting for pass-through entities and personal service corporations.

Despite the loss of political momentum in Congress for tax reform, corporate tax leaders are still making plans in case it happens, according to a new survey.

Some of our favorite recent tax fraud cases.

The Tax & Accounting business of Thomson Reuters has released an integrated Federal Depreciation Handbook and Calculator for CPA firms and corporate tax professionals.

The Internal Revenue Service anticipates that nearly 5 million taxpayers will amend their returns by filing Form 1040X this year.