Practice Management

The Tax Court ruled that an award for an employment discrimination settlement should be included in a taxpayer’s gross income – but that he could deduct his attorney’s fees in the case above the line.

Strategic planning needs to take account of the rest of your life

A roundup of our favorite recent tax fraud cases.

(Bloomberg) Apple Inc. is facing a potential tax bill running into billions of euros, according to people familiar with the situation.

Last week I wrote about benefits of attending practice management programs and gave a suggestion to try to make eight changes a year from each hour of the program. Today I am recommending some MAP books and repeat the suggestion of implementing one idea a year from each book.

The Internal Revenue Service is closing off admission to a program that allows large corporations to discuss and resolve their tax issues with the IRS before filing their tax returns, due to budget constraints.

According to recent news it appears advisory firms have started to increase their hiring efforts for seasoned restructuring professionals. This may signal a coming potential increase in bankruptcy filings. If so, fresh start reporting may once again become a critical issue.

The Internal Revenue Service has modified a policy it instituted earlier this year on not providing letter rulings or determination letters on certain tax questions related to distributions of stock of controlled corporations and will now provide them in two specific areas.

The Internal Revenue Service has released new guidance for taxpayers making certain elections and filing amended returns to take advantage of the tax extenders in last December’s PATH Act for bonus depreciation.

U.S. House conservatives are set to re-launch next month their effort to impeach Internal Revenue Service Commissioner John Koskinen, with or without Speaker Paul Ryan’s go-ahead.