Practice Management

The Senate voted 56-43 on Thursday to approve a set of improvements to the sweeping health care reform bill that was passed by the House on Sunday night, but it needed to send the bill back to the House after two provisions were changed in the student lending part of the bill.

IRS Commissioner Doug Shulman told a congressional panel about the IRS’s newly proposed regulations for requiring paid tax preparers to have identification numbers to reduce tax preparer fraud, as well as how the IRS intends to handle enforcement of the new health insurance reform bill.

Nearly one-half of consumers plan to file their federal taxes online this year, up from 34 percent in 2005, according to a new survey.

IMGCAP(1)]The IRS offers tremendous flexibility in how a foreign entity may be classified for U.S. income tax purposes.

The House has approved legislation to provide tax cuts to small businesses and extend the Build America Bonds program to spur job creation.

The Internal Revenue Service has issued proposed regulations requiring paid tax preparers to furnish an identification number on tax returns and claims for tax refunds that they prepare.

The Internal Revenue Service has launched a Web-based tool that allows taxpayers to check to see if they received an Economic Recovery Payment last year.

Keith S. Fimian and Pat Herrity are part of a growing trend this year: CPAs running for a seat in Congress.

A large proportion of married business partners who file individual or partnership tax returns are unaware of the potential benefits of a more recent filing option.

As many taxpayers continue to struggle with a tough economy, tax season is finding many of them literally unprepared.