Practice Management

Taxpayers’ rights were violated when the Internal Revenue Service filed liens on their accounts while they were in bankruptcy, according to a new report by a government watchdog.

Rep. Gary Ackerman, D-N.Y., has written to Internal Revenue Service Commissioner Douglas Shulman asking him to provide tax relief to investors who were swindled by Bernard Madoff’s $50 billion Ponzi scheme.

Approximately 40 percent of online households plan to file their federal taxes via the Internet this year, up from less than 34 percent four years ago, according to a new report.

A federal court has permanently barred a Florida tax preparer who called himself “The Tax Doctor” from doing other people’s returns after he allegedly cost the Treasury at least $750,000 in bogus claims.

The Internal Revenue Service is not doing enough to crack down on tax preparers who use illegal tax shelters and to keep track of complaints against them by clients, according to two new reports.

Swiss bank UBS has been sued by a group of wealthy U.S. account holders who want to keep their identities and accounts from being revealed to the Internal Revenue Service.

The next meeting of the Financial Crisis Advisory Group is scheduled for March 5 as accounting leaders and regulators sort out issues related to the recession.

Sage North America has released version 1.2 of Sage MAS 90 and 200 Extended Enterprise Suite, adding extra customer relationship management and fixed asset management features.

Kellogg & Andelson Accountancy Corp. has acquired Irwin Pomerantz & Associates, a firm based in Beverly Hills, Calif.

During his Fiscal Responsibility Summit on Monday, President Barack Obama discussed the possibility of lowering the statutory corporate tax rate while also closing tax loopholes that allow companies to reduce taxes.