Practice Management

The New York State Society of CPAs has written a letter to the Internal Revenue Service asking the IRS to clarify several rules governing the reporting of foreign financial assets.

President Barack Obama and congressional Republicans square off this week over tax hikes for millionaires and tax cuts for businesses, with both sides seen as more interested in scoring political points than in fixing the tax code or shrinking the deficit.

While every state offers tax incentives to attract, retain and expand businesses and jobs, few states actually provide good evidence that the tax breaks deliver an effective return on investment, according to a new report.

Global tax services firm Ryan has filed suit in a federal court in Washington against Treasury Secretary Tim Geithner and IRS Commissioner Doug Shulman challenging Circular 230 provisions governing contingency fee arrangements.

The Internal Revenue Service is now giving tax professionals a priority phone number they can call when their clients are undergoing a Campus Correspondence Examination audit.

Florida accounting and consulting firms Kaufman, Rossin & Co. and Friedman, Cohen, Taubman and Co. have combined, expanding Kaufman Rossin’s reach across the Sunshine State.

Just a few days ahead of the tax-filing deadline, President Barack Obama and Vice President Joe Biden released their 2011 tax returns on Friday.

An Arizona accountant has pleaded guilty to charges of preparing a false tax return.

Enterprise resource planning product maker Epicor Software Corp. has released Epicor eMarketing and eSurveys tools as a Software-as-a-Service offering, providing customers with a deployment and licensing model as businesses continue to embrace the cloud.

“Only two things in life are certain,” Marc Albaum tells his clients. “I can help you with the other one.”