Practice Management

The House Ways and Means Subcommittee on Select Revenue Measures held a hearing Wednesday on the tax implications of a proposed bill aimed at preventing taxpayer money from being used to fund abortions.

A Tennessee congressman has introduced a bill that would allow the Internal Revenue Service to prepare taxes for a taxpayer.

A senior citizens advocacy group is warning that millions of elderly taxpayers are finding themselves in the position of unexpectedly owing hundreds of dollars in back taxes as a result of the Making Work Pay tax credit, and in some cases paying penalties.

State budget deficits are prompting governors to slash spending, but also shift the tax burden away from corporations.

While the IRS has made progress in correcting some of its previously discovered information security weaknesses, control weaknesses over key financial and tax processing systems continue to jeopardize the confidentiality, integrity, and availability of financial and sensitive taxpayer information, according to a new report from the Government Accountability Office.

The Joint Committee on Taxation, which operates under the auspices of the tax-writing committees of the Senate and the House, has been given the task of conducting specific research that will help advance the ability of Congress to enact comprehensive tax reform.

The Internal Revenue Service has paid a $1.1 million reward to an anonymous whistleblower for information that exposed an alleged tax fraud scheme by Enron, Bankers Trust and others before the company collapsed.

The Internal Revenue Service wants taxpayers to know that they can receive their tax refunds this year in the form of a U.S. savings bond made out in someone else’s name.

IMGCAP(1)]The recent announcement of a merger between Deutsche Boerse AG and the New York Stock Exchange leads many to believe that an acceleration of the conversion from U.S. GAAP to International Financial Reporting Standards for public companies may occur.

The Internal Revenue Service released its 2010 IRS Data Book on Monday, providing an annual snapshot of agency activities for the fiscal year, and the revenue it collected.