Practice Management

Irish Finance Minister Michael Noonan hit back at the European Union after it ordered him to recoup a record 13 billion euros ($14.7 billion) from Apple Inc., saying his country is leading the way on countering tax avoidance.

It’s back to school for university endowments and U.S. lawmakers.

Both presidential candidates, Donald Trump and Hillary Clinton, have come under scrutiny by the Internal Revenue Service for running afoul of rules governing tax-exempt foundations.

The Internal Revenue Service is going to make public records available online of cases involving offers in compromise it has accepted from taxpayers who owe tax debts, rather than just making the hard copy printouts available at local offices.

Sen. Ron Wyden, D-Ore., the ranking Democrat on the Senate Finance Committee, released a discussion draft of proposed legislation that would prevent taxpayers from putting more than $5 million in an individual retirement account.

About two weeks after Denmark revealed it had lost as much as $4 billion in taxes through a combination of fraud and mismanagement, the minister in charge of revenue collection says that figure may need to be revised even higher.

Leaders of the National Society of Accountants have sent a letter to leaders of the U.S. House of Representatives opposing any resolution to impeach or censure IRS Commissioner Koskinen.

Speaker Paul Ryan said Wednesday the House will vote on whether to impeach Internal Revenue Service Commissioner John Koskinen, and he indicated members won’t be pressured to vote one way or the other.

New York-based accounting firm Citrin Cooperman has expanded further in New England by combining with LGC+D LLP in Providence, R.I., effective September 1.

The Internal Revenue Service has issued final regulations redefining terms relating to marital status to include same-sex marriage for federal tax purposes, in accordance with Supreme Court decisions.