Practice Management

Newly released statistics from the Internal Revenue Service showed that close to 1,500 people who earned over $1 million in 2009 paid no income taxes.

The Internal Revenue Service has issued a new form that tax-exempt organizations can use to request determinations about their tax-exempt status.

The Internal Revenue Service warned U.S. taxpayers Monday that if they are hiding income in undisclosed offshore accounts, time is running out for them to take advantage of its second Offshore Voluntary Disclosure Initiative, which will expire on Aug. 31, 2011.

Herb Kelleher, the colorful long-time CEO of Southwest Airlines, once joked that if the Wright brothers were alive today, Wilbur would have to fire Orville to reduce costs.

The Internal Revenue Service has issued guidance to help taxpayers cope with the carryover basis rules for the estates of people who died last year, when the estate tax was not in effect.

After the Senate approved a reauthorization of the Federal Aviation Administration, leaders of the tax-writing committees in both chambers of Congress have asked the Internal Revenue Service to reinstate taxes on airline ticket in an orderly way.

New Jersey-based WithumSmith+Brown is the latest CPA firm to join cloud financial management and accounting applications provider Intacct as a business process outsourcing partner.

President Obama proposed a new tax credit for businesses that hire unemployed veterans.

The U.S. Bureau of Labor Statistics reported Friday that employers added 117,000 jobs in July, sending the unemployment rate down a tenth of a percent to 9.1 percent.