Practice Management

Highlights of some of our favorite tax-related blogs from the past week.

The U.S. Supreme Court decided in favor of the Obama administration in a dispute over taxes on severance compensation, overturning a lower court decision that could have forced the IRS to refund more than $1 billion.

The Tax Court, adding and subtracting “badges” of fraud, has found a California business owner and his companies not liable for a 75 percent civil fraud penalty.

The Internal Revenue Service issued a notice Tuesday saying that Bitcoin and other virtual currencies should be treated as property for federal tax purposes and the general rules for property transactions should apply.

Three Caribbean-based men who helped Americans hide assets from U.S. tax authorities were charged in a sting operation with laundering what they were told was dirty money.

Caterpillar Inc. began defending its international tax maneuvers as a U.S. Senate investigative panel set an April 1 hearing to examine the company’s “offshore tax strategy.”

Gale Crosley of Crosley + Company talks about the different ways accounting firms are growing by moving away from a book-of-business strategy to a leader-driven and specialist approach, in an interview with Accounting Today editor-in-chief Daniel Hood.

The Internal Revenue Service is providing taxpayers in Colorado an extension until Oct. 15, 2014 to decide when to claim disaster losses arising from last September’s flooding.

The Internal Revenue Service initially will make limited use of information supplied by other governments about U.S. citizens’ offshore holdings because of budget constraints, Commissioner John Koskinen said.

I remember hearing a story recently about a worldwide relief agency that wanted to expand the vision and thinking of a third-world leader.