Practice Management

A federal judge has dismissed major parts of a class-action lawsuit brought against tax prep chain Jackson Hewitt and a large group of its franchisees.

Much of the election-year criticism of hedge funds misses the point when it focuses on the claim that hedge fund operators get unfair tax breaks, experts say.There is abuse in the current Tax Code when it comes to hedge funds, but it affects the investors, according to Alan Dlugash, a tax partner at New York-based CPA and business advisory firm Marks Paneth & Shron. They’re often subjected to taxes that wipe out nearly all — or more than all — of the income that they made from the fund, he observed.

The Internal Revenue Service has begun posting tax advice videos on YouTube in an effort to get the word out about tax rebates and scams.

A report by the Treasury Department's inspector general faults the Internal Revenue Service for its management of taxpayer records.

Senate Finance Committee leaders have questioned the terms of the recent taxpayer-backed sale of Bear Stearns to JPMorgan Chase.

The Internal Revenue Service plans to open up hundreds of locations on Saturday, March 29, to provide advice to people who are eligible to receive an economic stimulus payment but who normally do not file tax returns.

The Internal Revenue Service said it has approximately $1.2 billion in unclaimed refunds waiting for 1.3 million people who did not file federal income tax returns for 2004, but they need to file by April 15, 2008, to claim the money.

Gilman Ciocia's personal tax team is giving away tickets to New York Mets games as part of a contest it is holding for the second year in a row.

A federal judge has ruled against some of the main provisions of a New Jersey law restricting interest rates and fees that can be charged on tax refund anticipation loans, even though the annual percentage rates average 115 percent.

There are a lot of very good research tools on the market. But what's available for the small practitioner who needs less than high-powered products?