Practice Management

A group of six Republican senators has written to IRS Commissioner Doug Shulman asking about the agency’s recent move to impose gift taxes on donors to tax-exempt political advocacy organizations.

The Internal Revenue Service cannot determine whether taxpayers claiming Residential Energy Credits are actually entitled to them, according to a new government report that found the tax credits going to hundreds of prisoners and minors.

Internal Revenue Service Commissioner Doug Shulman described the IRS’s efforts at improving the agency’s technology to detect tax fraud and ferret out unreported sources of income during a speech Wednesday.

ParenteBeard LLC has launched a sustainability practice to work with clients on establishing sustainability initiatives at their organizations.

Senate Democrats failed to muster enough votes to advance a bill that would have eliminated tax credits for the five largest oil and gas companies.

The Internal Revenue Service has begun sending letters to political donors asking why they didn’t report their 2008 donations on their gift tax forms.

Not all of the state legislation drawing attention from accountants this year involves taxes (see States Enact Flurry of Tax Changes). Indeed, some of the most closely watched bills hit even closer to home for the profession.

Accountants across the nation barely had time to recover from the 2011 tax season before being buried under a blizzard of new tax law changes approved by dozens of state legislatures from Harrisburg to Honolulu.

To mark Small Business Week, the Internal Revenue Service is highlighting the tax benefits and resources available to small businesses this year.

Three-quarters of senior finance executives globally expect economic expansion over the next 12 months, according to a new survey.