Practice Management

The Internal Revenue Service has released new procedures that help a taxpayer make the decision on whether to opt for a qualified terminable interest property election to reduce estate taxes.

The very rich are different from you and me. They even have their own IRS audit squad.

This U.S. presidential campaign, and particularly that of Democratic Senator Bernie Sanders of Vermont, moved the issue of income inequality front and center. Now there are some new numbers in that department, and they won’t make many people happy.

Despite years of cuts to the Internal Revenue Service budget and its employee count, the agency is nonetheless collecting more tax revenue, according to a new report.

The Internal Revenue Service is lowering its user fees for issuing letter rulings on tax matters when the rulings are practically identical.

DMJ & Co. PLLC is acquiring Hutchings & Hutchings CPAs PA, expanding DMJ’s presence in North Carolina.

The Kentucky Court of Appeals has affirmed in part a decision by the Kentucky Circuit Court finding Grant Thornton liable for fraudulent misrepresentation in its selling of a tax shelter.

The Internal Revenue Service has issued a notice outlining the special diem rates that taxpayers can use to substantiate the amounts they are claiming for lodging, meals and incidental expenses when traveling away from home.

Donald Trump’s economic team offered more math behind his assertion that his tax cuts will mostly pay for themselves, saying trade policy would generate most of the additional wages and corporate profits that feed government revenue.

Democratic presidential nominee Hillary Clinton called out Republican Donald Trump Monday night for paying no federal income taxes on some of his returns from decades ago.