Practice Management

The American Institute of CPAs’ Private Companies Practice Section released the results of its 2012 PCPS Succession Survey not long ago, and it provides us with data from nearly 1,000 firms across the U.S. on how they are dealing (or not) with succession.

A majority of business leaders believe tax reform should be separated from reforms to government entitlement programs and deficit reduction, according to a new poll.

The Internal Revenue Service has found that changes in Form 8863, Education Credits, are delaying more than 600,000 tax returns, many of which appear to come from H&R Block.

A former Internal Revenue Service official has pleaded guilty to violating a criminal conflict of interest law and illegally disclosing confidential audit information while he was an IRS employee.

Ten multinational U.S.-based corporations, including Apple, Merck, Microsoft and Pfizer, each increased their foreign profits by $5 billion or more last year, continuing a trend in which U.S. corporations held more of their money in low-tax countries.

House Republicans and Senate Democrats are introducing competing budget plans with starkly different tax proposals.

The chairman of the tax-writing House Ways and Means Committee, Dave Camp R-Mich., released a set of proposals Tuesday discussion draft aimed at reforming the tax laws for small businesses.

The Internal Revenue Service has programs that are supposed to improve its ability to identify taxpayers who represent a potential danger to IRS employees, but many IRS employees are unaware that such protections even exist, according to a new government report.

A federal court has denied for a second time H&R Block’s attempt to prevent Intuit from airing two TV commercials for TurboTax that poke fun at part-time tax preparers who work for retail tax chains like Block.

The IRS recently made it clear that even if taxpayers engage a third party to perform a cost segregation analysis, they cannot avoid penalties for aggressive positions taken in the cost segregation report.