Practice Management

Federal prosecutors in Memphis have charged 24 current and former Internal Revenue Service employees with crimes stemming from fraudulently obtaining more than $250,000 in government benefits.

A pair of senators have introduced bipartisan legislation aimed at expanding the use of S corporation employee stock ownership plans, or S ESOPs, to encourage more Americans to save for retirement.

The Internal Revenue Service needs a long-term strategy to improve the interactive services it offers online, according to a new government report.

Wastvedt & Co. has acquired the San Diego-based accounting firm, Advantage Tax and Accounting Services. Deal terms were undisclosed.

The Internal Revenue Service does not always recognize and properly investigate signs of tax fraud, according to a new report, foregoing at least millions of dollars in potential fraud penalties.

The Internal Revenue Service granted a three-month tax filing and payment extension to Boston-area taxpayers and others affected by Monday’s explosions at the Boston Marathon.

The Internal Revenue Service is struggling to respond to an onslaught of tax returns filed on April 15, which is delaying acknowledgements to both federal and state returns.

The Tax & Accounting business of Thomson Reuters has acquired select assets of the TaxWorks software line from RedGear Technologies, the customers of which will be transitioned to UltraTax CS—part of the CS Professional Suite.

The Senate Finance Committee held a hearing Tuesday on moving forward with solutions to tax fraud and tax identity theft as they grappled with an expanding problem that has plagued recent tax seasons.

Helen Brand, chief executive of the Association of Chartered Certified Accountants, discusses how ACCA is working with the International Integrated Reporting Council on integrating sustainability and governance reporting with financial reporting by accountants.