Practice Management

The Internal Revenue Service cautioned tax professionals Friday that their clients need to submit reports of any foreign bank accounts by the June 30 deadline.

Leaders of the Senate and House committees charged with tax policy plan to hold a rare joint hearing next Thursday on tax reform and the tax treatment of capital gains.

The Internal Revenue Service said it plans to improve the timeliness and responsiveness of its Whistleblower Office to claims of tax underpayments.

The Internal Revenue Service said Friday that it is making important interim changes to strengthen its procedures for issuing Individual Taxpayer Identification Numbers from now through the end of the year.

Elite Rubin has joined UHY Advisors NY Inc. as director of marketing.

The U.S. Treasury Department said it reached agreements with both Switzerland and Japan to cooperate on a framework for sharing financial information on bank accounts under the Foreign Account Tax Compliance Act.

The Internal Revenue Service needs to do a better job of estimating its staffing needs for implementing the Affordable Care Act, according to a new government report.

A group of Democrats on the House Ways and Means Committee have introduced a bill to extend 100 percent bonus depreciation through 2012 to encourage capital investments and job growth.

Securities and Exchange Commission Chief Accountant James L. Kroeker will leave his post in July to enter the private sector.

The IRS kicked off its series of forums in Orlando, Fla, on Tuesday with over 2,500 attendees. The three-day forums, held each year, cover a range of tax compliance and administrative topics, and feature speakers from academia and the private sector, as well as from the IRS.