Practice Management

With the first fiscal year for the new California film tax incentives now complete, the California Film Commission issued a report today that said the $220 million in funding that became available in fiscal year 2015-2016 generated $1.5 billion in direct in-state spending from film and TV production, including $600 million in below-the-line wages.

The federal tax audit that emerged as an issue in Donald Trump’s campaign would turn into another problem altogether if the Republican nominee wins the election—and gains the power to pick the next Internal Revenue Service chief.

Let’s not ignore the 500-pound (orange or blonde, you pick) gorilla in the room. Like ’em or hate ’em, Hillary Clinton and Donald Trump are on everyone’s minds right now. And with the election just a few short weeks away (can’t get here soon enough in my opinion), the chatter around them is going to increase significantly.

The Internal Revenue Service plans to make changes in how it deals with people who don’t file tax returns to collect billions of dollars in lost tax revenue, according to a new report.

Billions of dollars in incorrect backup withholdings are overlooked by the Internal Revenue Service, according to a new report.

BDO USA LLP has expanded its presence in Virginia by adding the Norfolk-based firm McPhillips, Roberts & Deans PLC, effective November 1.

A new report from an Internal Revenue Service advisory group points to the high costs of information reporting and how the IRS can reduce the burden.

Highlights of some of our favorite tax-related blogs from the past week.

Annual inflation adjustments will affect more than 50 tax provisions, including the tax rate schedules, in tax year 2017, the Internal Revenue Service announced.

Mankato-based accounting firm Abdo, Eick & Meyers has merged in Workforce Resources Inc.