Practice Management

Identity thieves are continuing to target taxpayers despite the Internal Revenue Service’s efforts to better authenticate taxpayers, according to a new report.

For growth, you need more than lunch with a friendly lawyer

UBS Group AG has ended a legal fight with the Internal Revenue Service, agreeing to hand over records on an American client’s account in Singapore as U.S. authorities seek to move beyond Switzerland in their fight against offshore tax evasion.

A former Credit Suisse Group AG banker pleaded guilty to helping Americans evade taxes, admitting his role after spending the past five years as a fugitive.

Internal Revenue Service Commissioner John A. Koskinen committed an impeachable offense by giving false testimony to Congress about his agency’s preservation of e-mails, a conservative lawyer told the House Judiciary Committee.

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

Currently designated empowerment zones, areas where employers and other taxpayers can qualify for certain tax incentives, will remain in place at least through the end of this year.

The Electronic Tax Administration Advisory Committee issued its annual report Wednesday, with recommendations calling on the Internal Revenue Service to expand its electronic filing efforts and digital strategy, and to offer end-to-end capabilities on online accounts for both taxpayers and tax professionals.

House Speaker Paul Ryan unveiled a long-awaited proposal to repeal Obamacare and replace it by providing tax credits to help people buy insurance, letting them purchase coverage across state lines, and providing $25 billion for state-run high-risk pools to aid people priced out of coverage.

Long Island CPA firm Janover LLC’s JRS Financial Services unit has merged in Hagan & Burns CPAs PC.