Practice Management

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.

UHY LLP has published a new guide aimed at updating middle-market companies on what they need to know about International Financial Reporting Standards.

Sen. Olympia Snowe, R-Maine, criticized the U.S. Small Business Administration after it missed a deadline to send comments to the Treasury Department and the IRS about a controversial new 1099 reporting requirement for businesses.

Hoover’s Inc. and Sage North America have formed a new partnership to provide business insights to small and midsized businesses.

At the request of the Federal Trade Commission, a federal judge has halted the business operations of American Tax Relief, a company that heavily advertised its ability to help taxpayers who were in trouble with the IRS and allegedly bilked consumers out of more than $60 million by falsely claiming it could reduce their tax debts.

The Internal Revenue Service is preparing for the potential transition of U.S. publicly held companies to International Financial Reporting Standards and the impact IFRS will have on tax administration, according to a new government report.

SS&G completed a merger Wednesday with Ahlbeck & Co., expanding the Cleveland-based accounting and consulting firm’s presence to Chicago.