Practice Management

The IRS has issued a consumer alert about possible scams taking place after Hurricane Sandy.

Check out the digital edition of the November 2012 issue of Accounting Today.

The American Institute of CPAs has improved its Interactive Tax Checklists to allow tax professionals to work more efficiently next tax season.

President Barack Obama, fresh from his re-election, turned his attention Friday to the economy, offering to talk with Congress about how to avoid the prospect of automatic tax increases on the middle class.

The Internal Revenue Service identified 39.1 percent more attempts at fraudulent tax refunds last tax season than in the prior year, leading to tax refund delays early in tax season.

With the election out of the way and efforts taking shape in Washington to resolve the threat of automatic tax increases and the fiscal cliff, CPAs and certified financial planners are recommending ways to protect their clients no matter what Congress and the Obama administration ultimately decide to do about the tax laws for next year.

The Treasury Department said it is engaging with more than 50 countries and jurisdictions across the globe to improve international tax compliance and implement the information reporting and withholding tax provisions in the Foreign Account Tax Compliance Act.

It may be some time before Congress and the Obama administration decide what to do about the tax rates for next year, so it’s a good idea to plan for various alternative scenarios just in case.

CCH has introduced the new weekly electronic publication, Global Tax Weekly – A Closer Look, which promises to provide up-to-date analysis and insights into international tax developments.

More than three years after the official end to the recession considered the worst since the Great Depression, U.S. businesses are recovering but not recovered.