Practice Management

The House held a hearing Wednesday on the use of tax-advantaged health insurance accounts such as flexible spending accounts and health savings accounts for purchasing over-the-counter medications in the wake of the health care reform law.

The Supreme Court ruled in favor of a company in a significant tax-related ruling that limited the ability of the Internal Revenue Service to pursue taxpayers over tax shelter cases for more than three years, as opposed to six.

The Senate Finance Committee held a hearing Monday on tax reform and its impact on state and local tax and fiscal policy.

In case your clients missed a pivotal tax deduction that could have saved them some serious cash, or you need to fix something on an old return to make sure your clients are in compliance with the IRS, filling out the Amended U.S. Individual Income Tax Return (Form 1040X) gives taxpayers and preparers another opportunity for an additional refund and potentially avoid headaches triggered by omissions and mistakes.

The U.S. Tax Court is a powerful but obscure institution that has been opening itself up to the public, but only very slowly, and it still lags behind other courts on access.

The Internal Revenue Service has proposed regulations relating to the deductibility of lodging expenses when not traveling away from home.

The Internal Revenue Service has released final regulations on the treatment of gains recognized on stock in certain foreign corporations upon distributions.

The advocacy group Common Cause has filed a whistleblower complaint with the Internal Revenue Service against the American Legislative Exchange Council, a tax-exempt organization that promotes business-friendly legislation.

A trip to the post office on Tax Day isn't the same as it used to be.

Lee Storey, the producer and director of an award-winning documentary about the singing group “Up with People,” scored a major victory for filmmakers in a ruling by the U.S. Tax Court.