Practice Management

House Ways and Means Committee Chairman Sander Levin, D-Mich., and ranking member Dave Camp, R-Mich., have introduced legislation to allow taxpayers to claim charitable deductions in 2009 for Chilean earthquake relief.

The Internal Revenue Service intends to take several additional steps this tax season to help people who are having trouble meeting their tax obligations because of unemployment or other financial problems.

A California tax preparer who controlled two bank accounts with the same initials as the Internal Revenue Service and the state’s Franchise Tax Board has pleaded guilty to fraud and tax evasion.

The Internal Revenue Service has issued guidance designating last month’s earthquake in Chile as a qualified disaster for federal tax purposes.

A federal appeals court has ruled that the electronic filing fees charged by Intuit, H&R Block Digital Tax Solutions, and other members of the Free File Alliance are not illegal and the IRS’s agreement with them did not violate antitrust laws.

The Congressional Budget Office has released an estimate of the budgetary effects of President Obama’s proposed budget for fiscal year 2011 and found that some of the tax cuts could add another $3 trillion to the national debt over the next 10 years.

The Internal Revenue Service has outlined a safe harbor method to report a gain or loss for taxpayers who initiate deferred like-kind exchanges but fail to complete the exchange because a qualified intermediary defaults on its obligation to acquire and transfer the replacement property.

The Internal Revenue Service has released the 2010 update to its Allowable Living Expense Standards, which it applies to taxpayers who need to delay full payment of delinquent taxes.

The Internal Revenue Service is giving interested parties more time to submit comments on its recent proposal to require companies to disclose information about their uncertain tax positions.

Wipfli has reached an agreement to provide accounting, tax and consulting services to clients of American Capital LLC, a Chicago-based firm that specializes in providing tax and succession planning services to high-net-worth individuals and their businesses.