Practice Management

The Internal Revenue Service needs to strengthen its processes to ensure compliance with the requirements for receiving the Qualifying Advanced Energy Project Credit, according to a new government report.

Investors try to maximize investment returns while managing the level of risk in their portfolios. But only after-tax investment returns are truly available to the investor. Tax consequences should be considered before making any investments. Tax treatment, good or bad, can have a significant impact on an investment decision.

Republican Representative Paul Ryan unveiled a $1.014 trillion U.S. budget plan that envisions revamping the tax code and social-safety net in a declaration of party priorities seven months before the midterm election.

The Internal Revenue Service has released a new 2014 Form W-8BEN-E, “Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities),” which can be used by foreign financial institutions and other entities in connection with the Foreign Account Tax Compliance Act, or FATCA.

A Caterpillar Inc. executive defended her company’s tax maneuvers today, telling a Senate panel that moving profits from its parts business to Switzerland from the U.S. was a legal and appropriate way to eliminate unnecessary expenses.

Leaders of the Senate Finance Committee plan to markup long-awaited legislation to extend a long set of expired and soon-to-expire temporary tax breaks.

CliftonLarsonAllen has acquired Illinois Agricultural Auditing Association, a Normal, Ill.-based accounting and consulting group providing services to Midwest agricultural businesses.

Compliance with, and capitalizing on, repair and MACRS regs

A roundup of firm mergers and acquisitions from the previous month.

A roundup of tax news from the previous month.