Practice Management

Credit Suisse has reached an agreement with German prosecutors to pay 150 million euros, or approximately $204 million, to resolve a tax dispute stemming from secret accounts at the Swiss bank belonging to German citizens.

Taxpayers who tried to appeal a tax lien or levy for unpaid taxes to the Internal Revenue Service’s Office of Appeals did not always receive the right kind of hearing or their requests were sometimes misclassified, according to a new report.

President Barack Obama is expected to propose a new tax rate for millionaires as part of his long-term deficit reduction plan on Monday.

President Obama signed the patent reform bill into law on Friday with provisions outlawing patents on tax strategies.

Taxpayers still trying to cope with the fallout from the recession are expected to get some tax relief next year from mandatory annual adjustments in tax brackets, according to CCH.

The Internal Revenue Service said the competency exam for Registered Tax Return Preparers will be available starting in October.

Will $447 billion in new taxes help to create jobs, or kill them?

The Internal Revenue Service has gotten 12,000 new applications under its 2011 voluntary disclosure program of offshore bank accounts, pushing the total number of disclosures to 30,000 since 2009, when the IRS began offering a way for U.S. taxpayers to voluntarily disclose their foreign bank accounts.

New York accounting firms Mayer & Co. and Feldman, Meinberg & Co. have agreed to merge their practices.

A New York tax preparer has been sentenced to a year and a day in prison for filing false tax returns containing fictitious and inflated tax deductions and credits.