Practice Management

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.

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.