Practice Management

The Internal Revenue Service has collected over $5.5 billion in revenue from taxpayers who came forward and reported on their foreign holdings under its Offshore Voluntary Disclosure Programs, but it could be missing billions more in revenue from tax evaders, according to a new report.

The Internal Revenue Service has issued draft versions of two forms needed for overseas taxpayers to file in connection with the Foreign Account Tax Compliance Act.

Some companies enhanced this or partnered with that, all well and good, but notable Sage family mergers and the fact that Microsoft may actually be going after accountants deserves more discussion.

H&R Block is sending $25 prepaid debit cards to the customers affected by a tax-filing glitch related to education tax credit claims.

Net@Work has officially launched a nonprofit reseller practice with the purchase of Huckstep & Associates -- one of top Sage North America's top nonprofit partners.

A tax preparer was sentenced to 18 months in federal prison followed by a year of supervised release for her conviction for preparing a false federal income tax return.

It’s been kicking around in one form or another for the better part of a decade, but it looks as though it finally has some momentum.

The Internal Revenue Service is continuing to make progress in its implementation of key elements of the Affordable Care Act, according to a new government report, but it could expand the use of employer-provided health care information to ensure employer, health insurer and taxpayer compliance with the ACA.

Internal Revenue Service Acting Commissioner Steven T. Miller told a congressional panel Thursday that while tax season began with delays caused by the late passage of the fiscal cliff legislation, the rest of the season eventually went smoothly.

Intuit expects approximately 4 percent revenue growth in TurboTax for the 2013 fiscal year, the company said today.