Practice Management

The Internal Revenue Service’s string of video parodies unfortunately may be nearing an end, now that outraged lawmakers in Congress have put a series of IRS commissioners, acting commissioners, deputy commissioners and ex-commissioners on the hot seat.

The Internal Revenue Service may be nearing an agreement to pay unionized employees $70 million in bonuses that aren’t legally required, said Republican Senator Charles Grassley.

The Internal Revenue Service needs to improve its criminal fraud referral process as well as the timeliness of its evaluation process for referring cases of tax fraud for criminal prosecution, according to a new government report.

Leaders of the House Oversight and Government Reform Committee continued their battle over the release of transcripts of interviews with officials from the Internal Revenue Service’s Exempt Organizations division amid claims of what the transcripts indicate about White House involvement in the targeting of Tea Party and other conservative groups.

BCG Systems president Mark Goodson explains how firms considering partnering with a cloud vendor need to zero in on the operational challenges that are sure to come.

New York State has suspended Deloitte Financial Advisory Services from consulting work on financial institutions regulated by the state’s Department of Financial Services, and the firm has agreed to make a $10 million payment to the state as a result of problems with Deloitte FAS’s consulting work for Standard Chartered bank.

The RTRP program could serve as the base of a new voluntary credential.

World leaders at the G8 Summit meeting in Lough Erne, Northern Ireland, issued a declaration Tuesday calling for countries to share tax information and increase transparency to discourage tax evasion, and President Obama released an action plan for identifying actual company ownership.

Members of Generation X are having the most difficulty meeting their household expenses and dealing with other financial obligations, according to a new study by PricewaterhouseCoopers.

Congressman Chaka Fattah, D-Pa., a senior member of the House Appropriations Committee, has introduced legislation that would direct the Treasury Department to issue a legislative proposal to Congress concerning the viability of replacing the current income tax with a consumption tax.