Practice Management

Congressman Charles Rangel, D-N.Y., faces censure from his colleagues in the House for ethical violations involving taxes, unreported income and other matters.

The Government Accountability Office has produced a report looking at the tax compliance benefits and costs of 1099-MISC information reporting, which has been expanded under the health care reform bill.

House Republicans blocked a three-month extension of unemployment benefits, which are set to expire on Nov. 30.

The IRS Advisory Council has released a report criticizing the IRS’s revised schedule for reporting uncertain tax positions and its plans to regulate non-signing tax preparers.

The Internal Revenue Service is looking to return $164.6 million in undelivered refund checks.

Democratic lawmakers in the House have introduced legislation to extend unemployment benefits for three months until the end of February.

The meeting on the Bush tax cuts between President Barack Obama and congressional leaders that was scheduled for Thursday has been postponed until Nov. 30 at the request of Republican congressional leaders, who cited “scheduling conflicts.”

Senate Finance Committee ranking member Charles Grassley, R-Iowa, has asked the Government Accountability Office to analyze who benefits from the federal Build America Bonds program, and the proportion of tax dollars that go to Wall Street banks for fees rather than for the infrastructure projects themselves.

The American Institute of CPAs has written to Congress urging lawmakers to repeal the controversial new 1099 information reporting requirements in the health care reform bill.

Internal Revenue Service Commissioner Doug Shulman said Tuesday the IRS has withdrawn its “John Doe” summonses against the Swiss bank UBS.