Practice Management

Employers in 17 states (and the Virgin Islands) may not be eligible to claim the maximum amount of state unemployment tax credits on their 2013 federal unemployment tax return, because their state has had an outstanding federal unemployment insurance loan for at least two years, according to tax analysts at Thomson Reuters Checkpoint.

The Internal Revenue Service opened 1,100 criminal investigations of tax fraud by June 30 this year, exceeding the 2012 total with three months remaining in the fiscal year.

House Oversight Committee Chairman Darrell Issa sent a subpoena for Internal Revenue Service documents to the Treasury Secretary, saying he thinks the agency’s chief counsel’s office is “compromised.”

The U.S. tax systems for individuals and corporations should be revamped together, said the top Republican tax writer in Congress, resisting President Barack Obama’s call for a business-only approach.

WTAS has merged with Houston based E.M. Bossin & Co. Texas has been a primary part of WTAS’ growth strategy.

CliftonLarsonAllen has acquired the national health care consulting firm Beck Advisory Group.

Tax reform talk is heating up. Support is growing for bipartisan efforts to rewrite the tax code, with committee chairmen and ranking members in both the House and the Senate jumping aboard the effort.

A bipartisan group of senators have introduced legislation to combat acts of tax evasion, money laundering, terrorism and other wrongdoing facilitated by U.S. corporations with hidden owners.

President Barack Obama said he will nominate John Koskinen, former chairman of Freddie Mac, as the next Internal Revenue Service commissioner.

Vulnerabilities at the Internal Revenue Service could allow for improper or fraudulent claims for bond tax credits, according to a new government report.