Practice Management

A pair of U.S. senators has written to IRS Commissioner Douglas Shulman and the heads of a dozen other federal agencies asking why they have erected roadblocks to investigative efforts of their agencies’ watchdogs, their inspectors general.

The National Association of Chain Drug Stores has sent a letter to the Internal Revenue Service asking it to delay rules implementing provisions in the health care reform bill that would prohibit the use of debit cards, such as those used in flexible spending accounts and health reimbursement accounts, to buy over-the-counter prescribed medications.

Legendary economist Milton Friedman once joked that you could take any three letters from the alphabet, scramble them in any order you want, and you'll end up with an acronym for a federal agency we could do without.

AccountantsWorld president Dr. Chandra Bhansali describes how the current client accounting model doesn't work to accountants' advantage, and what needs to change about it.

H&R Block has filed suit against its refund anticipation loan provider, HSBC, seeking to require the bank to provide the funding for RALs and refund anticipation checks next tax season.

The Internal Revenue Service’s ability to process the growing number of Health Coverage Tax Credit claims under the 2009 stimulus bill is doubtful, leading to questions about the agency’s ability to handle its new responsibilities under the new health care reform law.

The worldwide decline in top personal income tax rates over the past seven years has come to an end, as this year’s average rate increased 0.3 percent globally.

The Internal Revenue Service needs to improve its ability to identify tax preparers who submit improper Earned Income Tax Credit claims, according to a new government report.

BookKeeping Express has launched a contest to award $25,000 in bookkeeping and accounting services to small businesses suffering from a “financial-recording disaster.”

The Internal Revenue Service said it is delaying until further notice the renewal period for enrolled agents whose Social Security numbers or tax identification numbers end in 4, 5 or 6.