Practice Management

New statistics from the Internal Revenue Service indicate that 20,752 taxpayers with adjusted gross incomes of $200,000 or more in 2009 had no U.S. income tax liability.

Ouch! In affirming a Tax Court decision that an accounting firm set up as a C corporation could not deduct consulting fees paid to entities controlled by the firm’s owners, the Seventh Circuit Court of Appeals statement of its decision cut to the quick: “That an accounting firm should so screw up its taxes is the most remarkable feature of the case.”

More electronically filed tax returns were processed this tax season by CCH electronic filing systems than ever before.

Certainty in the Tax Code has become even more important than a reduction in tax rates, according to a survey of 800 CFOs and senior financial executives in the U.S.

House Republicans said they plan to schedule a vote on extending the Bush tax cuts before August.

No one understands your organization as well as you do -- which is why you have to help them navigate it.

Senate Democrats and Republicans have failed to pass competing versions of legislation aimed at preventing federally subsidized student loan interest rates from doubling in July.

Carr, Riggs & Ingram has created a new mobile Web site that provides smartphone users with access to the sections of the accounting firm’s Web site that are most often visited by mobile users.

President Obama urged Congress to extend expiring tax credits for wind energy and other forms of clean energy.

The Tax Court, in a recent summary opinion, ruled that an individual did not have cancellation of debt income in the year that a collection agency issued him a Form 1099-C and stopped its automated collection efforts.