Practice Management

The Internal Revenue Service’s Modernized e-File system is facing “significant challenges” processing individual tax returns, according to a new government report.

IMGCAP(1)]As an accountant, you often serve as a primary source of business advice for your clients. So when a business owner begins the process of selling his or her business, it’s you they will likely come to for their first bit of advice.

The Senate Finance Committee held hearings Wednesday on the effects of tax and fiscal policy on the military and veterans and how those could be alleviated through the Tax Code.

Louisiana accounting firm LaPorte Sehrt Romig Hand CPAs plans to expand its presence to Texas by merging in Houston CPA firm Hidalgo Banfill Zlotnik & Kermali PC.

The Internal Revenue Service’s collections staff did not always take the right actions before giving up on collecting some types of unpaid employment taxes, according to a new government report that encourages the IRS to do more follow-up.

Doctors have been opting out of the Medicare system at an alarming rate lately as the system goes through a tumultuous year, leaving some accountants’ clients in a bind when they suddenly cannot get their medical bills paid.

BNA has introduced an online tax research library with information on the latest state sales and use tax information.

The Securities and Exchange Commission has obtained an emergency asset freeze in a California courtroom against a company that raised $3.2 million from investors to fund TV and film post-production work by using the name of a well-known post-production company.

A Queens tax preparer has been sentenced to three to six years in prison after he sent threatening letters to a prosecutor who was investigating him for stealing from his clients.

A federal court in Pensacola, Fla., has sentenced three of nine promoters of a fraudulent tax-and-debt-elimination scheme to prison terms for their roles in tax fraud, wire fraud and money laundering.