Practice Management

The Internal Revenue Service has issued a reminder to tax-exempt organizations not to include Social Security Numbers on publicly disclosed forms.

New York Attorney General Eric Schneiderman has filed an unprecedented lawsuit against Sprint Nextel for over $300 million, accusing the wireless phone carrier of deliberately under-collecting and underpaying millions of dollars in New York state and local sales taxes on flat-rate access charges for wireless calling plans.

A Jersey City school teacher has been arrested by special agents working for the IRS’s Criminal Investigation division after he was charged with allegedly preparing fraudulent income tax returns for clients and failing to report some of the income he earned from preparing tax returns.

Texas-based accounting and consulting firms Whitley Penn and Null-Lairson have agreed to combine, effective May 1, expanding Whitley Penn’s presence across the Lone Star state.

It’s been said that you can’t tell the players without a scorecard. Where I need a scorecard is to figure out which tax provisions expired at the end of 2011, and those slated to give up the ghost at the end of 2012. Luckily, the Joint Economic Committee has a Web site that lists all of the expiring provisions of recent memory, together with the dates they expired or will expire.

The House has approved Republican-backed legislation to provide a tax cut of up to 20 percent for one year to companies with fewer than 500 employees.

Internal Revenue Service and Treasury officials faced questions from Congress on Thursday over how well the IRS is responding to taxpayer identity theft concerns and efforts to close the growing tax gap.

Budget cuts at the Internal Revenue Service are taking a toll on the agency’s ability to safeguard against identity theft and close the tax gap, according to the head of the employees union.

IMGCAP(1)]Like most scenarios that include a buyer and a seller, the marketability of CPA firms adheres to the eternal law of supply and demand.

The Tax & Accounting business of Thomson Reuters has released an email marketing benchmark report for CPA firms.