Practice Management

The National Society of Accountants has called on the IRS to immediately revise the Circular 230 provision that states that tax preparers may not give tax advice that is not directly related to prepared tax returns.

Congressional Republicans dug in to fight President Barack Obama’s plan to skirt the fiscal cliff, rejecting his tax-and-spending proposal as the president heads out today to sell it to the American public.

What to do when your clients receive one of the IRS’s four new business income under-reporting letters

The IRS has updated procedures to strengthen the Individual Taxpayer Identification Number program requirements.

The Income Tax School has launched a Web site of more than 70 tax courses and products, plus many free resources for tax professionals. ITS said the move was in response to the new IRS regulations for tax preparers and the corresponding growing demand for tax education.

Two lucky winners in Arizona and Missouri will be able to claim the record-shattering $580 million Powerball jackpot after Wednesday night’s drawing, but they will also face taxes and need financial advice.

Last week I moderated an Accounting Today Web Seminar on Tax Office Workflow.

President Barack Obama urged middle-class families who are in danger of seeing their taxes go up next year to begin using Twitter and other forms of communication to urge lawmakers to extend tax cuts for the middle class.

The U.S. Treasury Department and Mexico’s Ministry of Finance have struck a bilateral agreement to implement the Foreign Account Tax Compliance Act requiring financial institutions to report the holdings of U.S. and Mexican taxpayers to each other’s tax authorities.

I've never come out on one side or the other with cloud computing, but given my recent experience producing print and electronic content in the wake of Hurricane Sandy, I can say I'm a cloud fan.