Practice Management

EisnerAmper has formed an Offshore Voluntary Disclosure Initiative program to help taxpayers comply with the recent U.S. Treasury initiative focused on foreign bank account reporting requirements.

The Internal Revenue Service has published guidance for taxpayers in the telecommunications industry with the aim of resolving long-running tax disputes involving the capitalization and depreciation of network assets.

The Internal Revenue Service said Monday it is looking for nominations for its Information Reporting Advisory Committee, which provides outside advice on information reporting and administration issues.

The Internal Revenue Service reminded taxpayers and preparers Monday that they have only two weeks to go before the April 18 filing deadline.

Approximately half of U.S. taxpayers are uneducated about the risks of identity theft during tax season, according to a new survey, but the majority trust their tax preparers.

A pair of Republican lawmakers on the House Ways and Means Committee plan to formally request an IRS investigation of the AARP’s tax-exempt status, accusing the group of profiting from its health insurance business.

The Internal Revenue Service has offered guidance on the new 100 percent bonus depreciation in last year’s tax extension and small business legislation.

The House Ways and Means Committee has passed a bill that would limit tax breaks for health insurance policies that cover abortions.

When Internal Revenue Service Commissioner Doug Shulman recently announced a new round of collection initiatives to help taxpayers buffeted by the economic downturn, it was telling that he also promised that the new steps would be "revenue-neutral." Could it be that the IRS seems to be recognizing that you can't get blood from a stone and that some delinquent taxpayers simply can't pay, no matter what collection methods are used, while some others will be more likely to pay eventually if draconian short-term measures are not used?

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