Practice Management

The Internal Revenue Service could improve its exchange of tax compliance information with other countries by collecting better data on the types of information requested and how successfully it was collected.

Fresh on the heels of a redesign of its Web site, the Internal Revenue Service said Friday it is also updating its Transcript Delivery System.

The American Institute of CPAs is asking the Internal Revenue Service to reconsider some of the fees it plans to charge for competency exams and fingerprinting as part of its tax preparer oversight program.

Is it unfair to accountants that the attorney-client privilege is stronger than the accountant-client privilege?

Senators John McCain, R-Ariz., and Kay Hagan, D-N.C., introduced legislation Thursday allowing multinational corporations to repatriate their foreign earnings at a reduced tax rate.

The Internal Revenue Service issued proposed regulations Thursday that would require tax preparers to file a due diligence checklist with any federal tax return claiming the Earned Income Tax Credit, starting next year.

President Barack Obama said Thursday he was “comfortable” with the changes made by Senate Democrats in his jobs bill on Wednesday, including a 5.6 percent surtax on millionaires starting in 2013.

The Internal Revenue is cutting the amount of time it takes to hire new employees by eliminating manual steps and sending automated email reminders to managers.

Kemper CPA Group, a regional accounting and business advisory firm based in Greenfield, Ind., has merged in Campbell, Royster, Carver, McBride & Co. LLP of Henderson, Ky., effective October 1.

A new government report recommends that Congress amend the Tax Code to allow the Internal Revenue Service to assess penalties against tax preparers who fail to comply with the electronic filing mandate.