Practice Management

The daughters of the patriarch of an income tax preparation business were sentenced to six years in federal prison for filing false tax returns after their father received a 10-year sentence.

The House has unanimously approved legislation to give the military and other overseas service members equal access to the first-time homebuyer tax credit.

There continue to be rumblings that Congress may repeal the LIFO accounting method for inventory.

The IRS’s ability to detect identity theft-related refund and employment fraud is limited, but by the end of 2008, the IRS had cataloged over 50,000 incidents, according to a report by the Government Accountability Office.

The IRS is unable to determine if it is issuing erroneous or fraudulent manual refunds to taxpayers, according to a new report.

Democratic lawmakers turned back efforts by House Republicans to depose Charles Rangel, D-N.Y., as chairman of the House Ways and Means Committee after revelations of his tax and financial disclosure lapses led to an expanding ethics investigation.

The Internal Revenue Service’s Whistleblower Office is having trouble managing the growing number of claims it has been receiving from informants telling the IRS about tax dodgers.

Taxpayers calling the IRS for help last tax season endured longer hold times and more disconnected phone calls than in the past, according to a new report.

Accounting firms Hill, Barth & King and North and Co., have merged, expanding HBK’s presence and clientele in Florida.

The wheels can sometimes grind slowly at the Treasury Department, and never more so than in getting the program up and running for relieving banks’ balance sheets of mortgage-backed securities and other undesirables.