Practice Management

A new Internal Revenue Service team looking at the business activities of the ultra-wealthy has missed its own goals, reviewing only one privately held company and 10 partnerships in fiscal 2011, said a Syracuse University research group on Tuesday.

The Internal Revenue Service could increase its revenue by an estimated $20 million a year if it took steps to ensure that fraud indicators are recognized and properly investigated during field audits of individual tax returns, according to a new report.

The Internal Revenue Service Oversight Board is urging Congress to restore recent budget cuts at the agency to improve enforcement and taxpayer service.

I had the unexpected surprise yesterday of lunching with Karl Rove, known as the architect of President George W. Bush’s election campaigns.

President Obama told a crowd of students and supporters that Congress should vote to approve his plan to ensure that millionaires don’t pay lower tax rates than the middle class.

House Budget Committee Chairman Paul Ryan, R-Wis., talked about how tax policies need to emphasize economic growth during a speech Tuesday, in which he also took aim at President Obama’s budget.

New Jersey Governor Chris Christie talked about his budget battles with New Jersey lawmakers during an entertaining speech in New York on Tuesday.

Former President George W. Bush said Tuesday that he wished the Bush tax cuts were not named for him.

Some H&R Block offices are offering free filing of tax extensions now through the April 17 tax filing deadline, the company said Monday.

The odds are stacked against corporations whose disputes with the Internal Revenue Service go all the way to the Supreme Court, a new study found.