Practice Management

Nearly three-quarters of accounting firms say they are thriving or growing, according to a new survey by L. Harris Partners, the fifth consecutive year that firms responding to the annual survey reported that their overall condition has improved.

The Treasury Department and the Internal Revenue Service released a final package of regulations Thursday to implement the Foreign Account Tax Compliance Act and amend the regulations to align them with existing tax rules.

The U.S. Senate Permanent Subcommittee on Investigations will hold a hearing next week on a crackdown on offshore tax evasion that has stalled as prosecutors conduct criminal probes of 14 banks, including Credit Suisse Group AG.

The top Republican tax writer in Congress will release a draft plan to revamp the U.S. tax code amid political odds that are stacked against him.

Internal Revenue Service commissioner John Koskinen said the IRS is still looking at various options after losing an appeal on its authority to regulate tax preparers, but now sees a further appeal as unlikely.

I spend a lot of time with clients and I believe I have identified the one quality that most of my successful clients have—it is obsession.

The Internal Revenue Service has released its annual “Dirty Dozen” list of tax scams, cautioning taxpayers to protect themselves against a wide range of schemes ranging from identity theft to tax return preparer fraud this tax season.

Participants in the Internal Revenue Service’s Offshore Voluntary Disclosure Program were more likely to disclose foreign bank accounts from Switzerland than other countries, according to a new government report.

General Electric Co. sued the Internal Revenue Service seeking a $658 million refund for overpaid federal taxes and interest tied to losses it claimed from the sale of ERC Life Reinsurance.

Accounting firm HSMC Orizon has boosted its health care technology services by acquiring Blue Wave IT, a local IT practice.