Practice Management

The Internal Revenue Service’s IRS2Go smartphone application has been judged to be secure, but a new government report criticizes the agency for using a non-approved programming development language and skirting the traditional approval process.

The International Federation of Accountants has begun an executive search for a CEO to succeed incumbent Ian Ball, whose contract expires in February 2013 and who is not seeking another term.

IMGCAP(1)]As an accountant, I have a unique vantage point to observe how entrepreneurs change their decisions based on tax policy.

A bipartisan group of 75 lawmakers has written to IRS Commissioner Doug Shulman asking him to fix inequities in the Tax Code that place married same-sex couples and registered domestic partners at a disadvantage.

The two leaders of the Senate Finance Committee have introduced legislation to make the simplified research and development tax credit permanent.

The Internal Revenue Service and the Labor Department have signed a memorandum of understanding to improve the agencies’ coordination on stopping businesses from misclassifying employees as independent contractors to avoid providing employment protection.

President Barack Obama introduced a $3 trillion deficit reduction plan on Monday that includes a new tax on millionaires, lower corporate tax rates, and the closing of tax loopholes and tax breaks, especially for the wealthy.

Canadian Finance Minister Jim Flaherty has written a letter to several U.S. newspapers about his concerns over recent efforts by the U.S. government to force banks into disclosing the financial information of dual U.S. and Canadian citizens and other Canadians.

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.