Practice Management

By misinterpreting federal law, the Internal Revenue Service has sharply limited the number of erroneous tax refunds and improper tax credit claims on which it can assess penalties, according to a new study.

The U.S. sought court permission to ask Citigroup Inc. and Bank of New York Mellon Corp. for records of U.S. clients of Zuercher Kantonalbank, the biggest of Switzerland’s publicly owned regional banks, to determine whether those people evaded taxes, records show.

The Internal Revenue Service said it is sending letters in November and December to tax preparers suspected of filing inaccurate claims for the Earned Income Tax Credit.

By definition a pacesetter is not following a trend, they are setting an example and this year’s crop of Technology Pacesetters in the field of accounting-related software consulting are representative of where the profession is moving.

While I was working full-time early in my accounting career, I was also picking up clients that I did on the side, also known as moonlighting.

The Internal Revenue Service is reminding tax professionals that they can earn continuing professional education credits online through seminars filmed at the 2013 IRS Nationwide Tax Forums.

A new study examines the likely effects of a change in the U.S. corporate tax system from the current worldwide system to a new hybrid system similar to the territorial systems used by other developed countries and concludes that such a change would increase the repatriation of foreign earnings by U.S. multinational companies.

NetSuite Inc. has officially launched its ERP Consultant Certification Program, which is designed to offer professional services consultants an opportunity to validate their expertise in implementing, integrating and optimizing the product.

KPMG International has set up KPMG Capital, an investment fund that aims to accelerate innovation in data and analytics to help clients of KPMG’s member firms unlock the value of their data.

CCH has debuted a CCH eBooks app for the Apple iPad to provide tax research on the go to tax practitioners.