Practice Management

A federal judge has ruled in favor of Amazon.com after the Seattle-based e-commerce giant sued to stop the North Carolina Department of Revenue from collecting personally identifiable information about its customers that could be linked to their purchases.

Craig Shaber, a practicing attorney from San Diego, has pleaded guilty to tax evasion in a case involving a series of shell companies that he set up with an accountant who pleaded guilty last year.

Nearly half the senior executives polled in a recent survey said they are most concerned about the prospect of providing a concise description of the uncertain tax positions of their companies to comply with the Internal Revenue Service’s new disclosure requirements.

The Justice Department has dismissed tax fraud charges against UBS after the Swiss bank complied with a deferred prosecution agreement that it signed last year.

President Barack Obama accused the Republican leadership in Congress of vowing to repeal the financial reform bill as the midterm elections approach next week.

The Internal Revenue Service has begun sending notifications to approximately 1 million tax return preparers to remind them that they must renew their Preparer Tax Identification Numbers if they are still paid preparers, and posted videos on YouTube in English, Spanish and American Sign Language.

Volunteers who prepare income tax returns at the Internal Revenue Service’s Volunteer Income Tax Assistance Program sites improved their accuracy during the 2010 filing season, according to a new report that found a 90 percent accuracy rate, compared to only 59 percent a year ago.

By now you've probably heard about our Growth & Profitability Summit (known around our office as GroPro), November 17-18 in Las Vegas. We're excited because we know it's going to be a successful gathering of accounting superstars who are sharing their tips and knowledge on how firms can grow their practices.

Recently issued proposed regulations on domestic series limited liability companies should help give taxpayers and their advisors a bit more confidence in using series LLCs as a method of dividing a business venture into a variety of units to accomplish a variety of objectives.

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