Practice Management

The Internal Revenue Service has released guidance to enable partnerships to submit the Schedule K-1 electronically to partners.

The Treasury Department has released its “greenbook” outlining the tax proposals in the Obama administration’s fiscal 2013 budget.

President Obama called for tax reform measures Monday to cut the budget deficit by $1.5 trillion in his fiscal year 2013 budget.

The Internal Revenue Service said Monday it is extending the time period for commenting on guidance it has issued pertaining to the application of the general welfare exclusion to Indian tribal government programs.

A former Internal Revenue Service employee has been sentenced to 105 months in prison and ordered to pay $30,649 in restitution after pleading guilty to identity theft and theft of government property.

The Internal Revenue Service has redesigned its educational Web site for tax-exempt organizations, with a new look and improved navigation.

The Internal Revenue Service offered advice to taxpayers and preparers about a new form they will need to use to report most capital gains and losses from transactions relating to investment property.

The Internal Revenue Service has informed a small business advocacy group that it will not require businesses to reconcile their gross receipts with the merchant card transactions reported on the new 1099-K information reporting form.

Burr Pilger Mayer and Windes & McClaughry have canceled their plans for a merger, saying Friday they could not come to an agreement on the terms.

Swiss bank UBS sought to distance itself from a U.S. investigation of rival Swiss private banks on Thursday, saying that it did not hand over data on rival banks directly to U.S. officials when it settled a U.S. crackdown on taxpayers holding secret offshore accounts two years ago.