Practice Management

The IRS is asking the public to weigh in on the question of how to track cell phone usage when employers provide the phones to employees.

Two accounting firms in the Bay Area — Smith, Lange & Phillips LLP and Daoro Zydel & Holland LLP — are combining forces, with the merger set to take effect July 1.

Changes should be made in the layout and typeface of 1040 individual tax forms, including more use of boldface, colors and explanations, to help reduce taxpayer errors, recommends a new government report.

The IRS needs to do a better job of providing guidance on the real estate tax deduction so taxpayers can properly comply, recommends a new report from the Government Accountability Office.

A new appeals court ruling could make it easier for companies to claim research and development tax credits from the IRS by allowing them to rely on oral testimony instead of a project expense-tracking system.

CPAs should watch their language during tough economic times.

Sen. Johnny Isakson, R-Ga., has introduced a bill that would increase the maximum amount of the first-time homebuyer tax credit from $8,000 to $15,000.

The IRS said a tax break is now available to purchase new motor vehicles in states that do not have a sales tax.

Former BDO Seidman Chairman and CEO Denis Field, and a former BDO tax partner, along with five other lawyers and bankers from outside the firm, have been indicted in a tax fraud case involving tax shelters marketed by the firm that allegedly generated over $7 billion in fraudulent tax losses.

What can we expect from IRS Commissioner Douglas Shulman’s proposal to set higher standards of conduct for tax preparers?