Practice Management

The Internal Revenue Service and the Treasury Department have released an eagerly anticipated set of proposed regulations for implementing the Foreign Account Tax Compliance Act.

The tax refund delays this tax season could be tied not only to new identity theft detection filters, but also to overly tight business rules written into the IRS’s Electronic Fraud Detection System.

An investor in a foreign currency trading fund has been sentenced to five years in prison for evading more than $150,000 in taxes.

A pair of Republican members of Congress have introduced a bill to prohibit the Internal Revenue Service from implementing a new tax-reporting requirement for small businesses to reconcile their 1099-K reports from outside providers such as credit card companies with their own internal records.

Clarifying Form 1099-R would help the Internal Revenue Service identify more taxpayers who are underreporting their retirement income, according to a new report.

The Internal Revenue Service has released procedures for issuing determination letters and rulings on the tax-exempt status of nonprofit health insurance providers that want to participate in the CO-OP program included in the health care reform law.

A new app for Apple’s iPhone relies on data from eBay to estimate the fair market value of goods donated to charity for charitable deductions.

Julius Baer is prepared to pay a fine to escape an escalating U.S. crackdown on offshore bank accounts after last week's indictment of smaller rival Wegelin raised tension among Swiss private bankers.

The Internal Revenue Service has debuted an online tool to help low- and moderate-income taxpayers find Volunteer Income Tax Assistance locations where they can get help with their taxes.

A majority of taxpayers are concerned about the security and privacy of their personal and financial information when filing their state and federal tax returns online, according to a new survey.