Practice Management

The Internal Revenue Service released its final report Thursday summarizing its audits of tax-exempt colleges and universities and found that many of them underreport taxable income from their unrelated businesses.

The IRS is taking a “formalistic approach” in interpreting its own Section 6011 regulations on disclosing reportable transactions, but not following its own rules on which tax years to assess the Section 6707A penalty.

Microsoft confirmed it is trying to establish a BPO program for accounting firms behind cloud versions of its Dynamics NAV and GP ERP products.

Top 20 Firm Baker Tilly Virchow Krause LLP is expanding its presence in the New York City market by merging with local Top 100 Firm Holtz Rubenstein Reminick LLP.

Recent research into William Shakespeare by literary scholars indicates that he may have been a great dramatist, but he was truly the Bad Bard when it came to paying his taxes.

Rebecca Ryan of Next Generation Consulting discusses with Accounting Today senior editor Danielle Lee how one firm overcame its managers' reluctance to go to networking events and pass out business cards to bring in more clients.

The Internal Revenue Service managed to collect more tax dollars from delinquent taxpayers, even while contending with cuts in its revenue collection workforce.

The Tax Foundation has released a chart detailing state income tax collections per capita for calendar year 2011.

A loose coalition of anti-tax activists, direct marketers and financial industry trade groups has a tough task this week in overcoming bipartisan support for letting states impose sales taxes on out-of-state sellers.

Senate Finance Committee chairman Max Baucus, D-Mont., has decided not to run for re-election in 2014, instead opting to spend the next year and a half focusing on his job as Montana’s senior Senator and chairing the Senate committee in charge of tax policy, as opposed to re-election.