Practice Management

The Internal Revenue Service reminded taxpayers and tax preparers that it would be closed Friday, July 5, due to the current budget situation, including the sequester, but filing and payment deadlines remain unchanged.

The National Taxpayer Advocate submits two annual reports to the Ways and Means Committee and the Senate Finance Committee each year.

BDO USA LLP has named CCH as the primary research provider for its professionals nationwide.

John Napolitano, chairman and CEO of U.S. Wealth Management, sat down with managing editor Tamika Cody to discuss the mistakes CPAs make when they head into the world of financial planning.

Thomson Reuters has introduced a mobile version of its ONESOURCE corporate tax software, allowing users to track the status of income tax e-filings from any mobile device.

Sen. Pat Roberts, R-Kan., and Rep. Tom Price, R-Ga., have introduced legislation in the Senate and the House to block foreign governments from collecting taxes on securities transactions.

The Obama administration has decided to postpone the employer responsibility payment and insurance reporting requirements under the Affordable Care Act for one year to give businesses more time to comply with the health care reform law.

The American Institute of CPAs has requested changes in a Senate bill aimed at combating the growing problem of identity theft and tax fraud to avoid increased penalties for tax preparers who improperly disclose or use taxpayer information.

John Napolitano, chairman and CEO of U.S. Wealth Management, sat down with managing editor Tamika Cody to discuss what market trends CPA financial planners should be paying attention to, and the mistakes that firms make when they venture into financial planning.

A Maryland businessman has pleaded guilty to filing a false tax return for tax year 2008 after admitting to concealing his foreign bank account at an Israel-based bank on his return.