Practice Management

The American Institute of CPAs has submitted comments to the Internal Revenue Service in support of its proposed regulations for clarifying the treatment of shareholder debt of S corporations.

The IRS is seeking public comment regarding guidance for entities that discharge indebtedness and may be required to furnish 1099-C returns.

Many military may be overpaying their state taxes, according to analysis done by The Tax Institute at H&R Block.

While tax experts are divided on the immediate future of tax rates as we approach the fiscal cliff (the combination of scheduled tax rate increases and spending cuts by the government), the consensus is that rates will indeed rise precipitously.

The IRS has launched a series of videos to help preparers register for Preparer Tax Identification Numbers and prepare for the Registered Tax Return Preparer test.

There were 62 percent more indirect tax changes worldwide in the third quarter of this year than during the same period last year, according to a new report.

Voller, Lee, Suess & Associates has agreed to join Eide Bailly LLP. The deal is set to close by December 1, 2012.

A new report from one of the Internal Revenue Service’s main advisory panels says the IRS needs to expand its efforts to fight identity theft-related tax fraud, among other recommendations.

The option of allowing taxpayers to split up their tax refunds into different accounts has increased the risk of fraud, perhaps even among IRS employees, according to a new government report.

Paychex Inc. launched the redesign of its Paychex Accountant Knowledge Center, a free online resource available through the Paychex website that was designed to provide information and time saving online tools to accounting professionals.