Practice Management

The Internal Revenue Service is reminding tax professionals that they must implement safeguards to protect taxpayer data.

Part I: Preparers share their favorite tips for promoting themselves during tax season

While the Internal Revenue Service has made progressing in addressing weaknesses in its information security controls and improving its internal control over financial reporting, the Government Accountability Office said in a new report that serious weaknesses remain that could affect the confidentiality, integrity and availability of financial and sensitive taxpayer data.

The Internal Revenue Service is seeking public comments on developing a model memorandum of understanding on transfer pricing issues between national tax authorities.

Sometimes where you're going is more important than where you've been, accountants and consultants are realizing this for their clients and figuring how to capitalize, but in my case rather than looking at the week that was I'm eyeing next week's major user and partner confab that is Microsoft Convergence 2013.

New York City officials are urging low-income and middle-class taxpayers to file their tax returns for free or low cost to claim their tax credits with one month to go in tax season, while cracking down on tax preparers.

The Tax Policy Center estimated Friday that the tax provisions of the budget plan introduced this week by House Budget Committee chairman Paul Ryan, R-Wis., would reduce tax revenues by $5.7 trillion over a 10-year period, requiring a corresponding amount of tax increases and/or spending cuts to keep it “revenue neutral,” or risk a substantial expansion of the budget deficit.

A coalition of charities has expressed concerns about a Senate budget proposal that could potentially place a limit on charitable deductions.

CollegeFrog’s National Meet the Firms Week, Deloitte’s exclusive arrangement with The WSJ and more…

More than four out of 10 working Americans will have had an accountant prepare their taxes this year, primarily because they believe that that's the way to get the largest refund. More than half won't do their own taxes, instead going to an accountant, friend or family member.