Practice Management

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.

An economist has been charged with evading payment of approximately $500,000 in income taxes over a 22-year period, citing religious objections.

The large differences in excise tax rates for various smoking products are prompting consumers with a tobacco habit to shift their smoking habits to pipes and larger cigars, according to a new government study.

Financial executives in the medical device industry say the new excise tax included in the health care reform law will take a major impact on reducing their bottom line, according to a new survey by KPMG.

Out-of-work job seekers may be surprised when they find that IRS records show they not only already have work but are due a refund.