Practice Management

A Southern California tax preparer has pleaded guilty to tax charges, admitting that he caused a tax loss to the government of $7,982,043 for tax years 2003 to 2009 by inflating the amount of mortgage interest on his clients’ tax returns.

Arkansas joined the list of states holding sales tax holidays for back-to-school season, but Illinois dropped its sales tax holiday this year.

IMGCAP(1)]With Medicare fraud costing the federal government an estimated $60 billion a year, it makes perfect sense that the Centers for Medicare and Medicaid Services has tapped aerospace innovator Northrop Grumman to create a predictive model that will detect fraud. Or does it?

The Senate Finance Committee asked a series of corporate executives about whether they could accept the loss of some corporate tax breaks in exchange for lower tax rates. For the most part, they said yes.

Congress held an oversight hearing Thursday to examine progress on the Internal Revenue Service’s new tax return preparer initiative.

The Internal Revenue Service needs to do a better job of safeguarding sensitive information about taxpayer bankruptcy petitions, even from its own employees, according to a new government report.

The Senate Subcommittee on Contracting Oversight held a hearing to examine the diversion of federal contracts for small businesses to large companies.

The Internal Revenue Service said that some travelers may be entitled to refunds on the ticket taxes that airlines have been charging after Congress failed to pass a reauthorization bill last Friday for the Federal Aviation Administration.

The Internal Revenue Service is reorganizing several of its units concerned with international tax compliance and transfer pricing to bolster its enforcement efforts.

MNP, one of the largest Chartered Accounting firms in Canada said it would merge in Calgary-based Rahal Warren & Chugh, effective September 1.