Practice Management

Small tax-exempt organizations that have not filed returns with the Internal Revenue Service for three years will not automatically lose their tax-exempt status if they were affected by Hurricane Sandy.

The U.S. Treasury Department and the Internal Revenue Service said Wednesday that the governments of the U.S. and Denmark have reached a bilateral agreement to implement the Foreign Account Tax Compliance Act to improve international tax compliance.

A Bronx tax preparer has been charged with 46 counts for filing tax returns with the Internal Revenue Service and New York State that contained more than $7 million in fraudulent tax deductions and credits, resulting in over $2.5 million in fraudulent tax refunds.

A New Jersey woman who owned a tax preparation business was sentenced to 18 months in prison for filing false tax returns on behalf of her clients and herself, resulting in a tax loss of nearly $200,000.

Grant Thornton is offer some year-end tax planning tips for both individuals and businesses, and their accountants, facing the expiration of the Bush tax cuts.

BDO USA CEO Wayne Berson talks with Accounting Today editor-in-chief Daniel Hood about the firm's two recent mergers with Argy, Wiltse & Robinson and Asher & Co., and the firm's future plans for expansion.

The Internal Revenue Service has raised the standard mileage rates by 1 cent per mile for next year when calculating the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

InOrder ERP software developer Morse Data Corp. has published a new white paper designed to give readers an in-depth overview of how to successfully manage a months- or year-long ERP software implementation.

The IRS has released preliminary information regarding further changes to the repair regulations.