Practice Management

While some states are now passing legislation that favors lenders, at the same time there are tantalizing federal and state tax benefits being offered to distressed homeowners who are facing foreclosure or considering short-selling.

The rising emphasis on transparency, accountability and financial reporting, coupled with the globalization of commerce, means more work is on the horizon for accounting firms. That's the good news. But one look around a firm's meeting room will tell you that the profession is graying, and conversations with human resources executives will reveal that turnover rates among young accountants are on the rise.

Integration is an important term that firms often use when talking about their technology, but many are finding the challenge even more difficult as they move to a digital platform. For years there has been discussion over whether you should buy best of breed or a suite from one of the leading vendors.

Brooklyn attorney William Halby has lost his latest try at deducting his expenses for prostitutes, erotic massages, and pornography from his tax returns.

ADP has acquired MasterTax LLC and MasterTax Services, expanding the payroll giant’s array of payroll tax and compliance services.

Four members of Congress have written to IRS Commissioner Doug Shulman asking him to investigate potential tax irregularities by three tax-exempt groups that run college football bowl championships.

Father and son hotel developers were convicted of tax fraud after they were accused of concealing more than $150 million in assets and failing the report $49 million in income.

Watchdog groups Democracy 21 and the Campaign Legal Center have called on the Internal Revenue Service to investigate whether Crossroads GPS, a 501(c)(4) tax-exempt organization reportedly founded by former George W. Bush advisors Karl Rove and Ed Gillespie, is operating in violation of its tax status.

With the IRS hearings scheduled for today on the proposed Circular 230 regulations on education and testing of tax return preparers, it’s becoming somewhat confusing to remember just where we are in the process of registering preparers.

Patrice Tierney, the wife of Rep. John F. Tierney, D-Mass., has pleaded guilty to filing false tax returns in connection with an offshore Internet gambling scheme.