Practice Management

Treating a worker as an independent contractor rather than an employee has its advantages, say tax experts.

Senate Republicans are offering their own legislation to extend the payroll tax cut while avoiding an extra surtax on millionaires.

A New Jersey tax preparer was sentenced Wednesday to six months in prison for preparing false tax returns for numerous clients that resulted in an estimated tax loss to the federal government of between $30,000 and $80,000.

The Internal Revenue Service said Wednesday that it has $153.3 million in undelivered tax refund checks waiting to be sent to 99,123 taxpayers across the country.

Accountants need to be wary of promoting their services as advisors who can help their clients achieve success at the same time the firms are auditing their books.

The Internal Revenue Service said Tuesday that interest rates for tax overpayments and underpayments would remain the same in the first quarter of the year.

Grassi & Co. is merging in Pustorino, Puglisi & Co., another New York-based accounting firm, on January 1.

Embattled Republican Presidential candidate Herman Cain has released an animated campaign video in which his “9-9-9” tax plan slays a monster: the federal Tax Code.

MNP, one of Canada’s largest chartered accounting firms, said it would merge with Mississauga, Ont.-based practice EvansMartin, effective Jan. 1, 2012.

The U.S. Tax Court has ruled in favor of a taxpayer who made a data entry error when using Intuit’s TurboTax tax prep software.