Practice Management

The Justice Department said Thursday it is trying to get a court order that would allow the Internal Revenue Service to request bank account records from HSBC Bank’s India unit to help identify U.S. residents who are evading federal taxes.

JK Harris & Company has been ordered to pay $800,000 in refunds to its Texas clients after the Texas Attorney General won a lawsuit against the tax debt representation firm.

The White House has debuted a new online calculator to help taxpayers understand how last December’s tax cut legislation is affecting their paychecks and household finances.

New York City officials have conducted a citywide crackdown on fraudulent tax preparers, handing out violations to one in three tax preparers visited by inspectors.

The Internal Revenue Service issued its annual list Thursday of the “Dirty Dozen” tax scams it has seen this tax season.

Canadian chartered accountancy and business advisory firm Meyers Norris Penny said it will merge in Montreal-based valuation and litigation support services firm, Wise, Blackman, effective June 1.

Accounting firm Skoda Minotti has acquired information technology firm Computer Troubleshooters Independence.

IMGCAP(1)]There is a huge difference between being a vendor and a business partner.

A bipartisan group of senators has introduced a bill that would end unemployment payments to jobless millionaires.

Internal Revenue Service Commissioner Doug Shulman described his vision for a next-generation tax compliance system that would allow the IRS to pre-populate a taxpayer’s return with W-2, 1099 and other information reporting forms before a taxpayer files a return.