Practice Management

Congratulations, now that you’ve made it through the end of busy season and managed to put all of those long evenings in the office in the rear-view mirror, it’s time to get back to business. Now is a great time to revisit your firm’s strategic plan for 2016.

Now that it’s springtime and the birds are chirping, it’s important for your tax clients to consider education-related expenses when applying for federal financial aid.

The American Institute of CPAs has sent a comment letter to the Internal Revenue Service about Notice 2015-54, Transfers of Property to Partnerships with Related Foreign Partners.

The Tax Court said no to an accountant and tax preparer who tried to deduct the cost of law school.

The Internal Revenue Service is planning to begin testing as early as next week a more secure version of the online “Get Transcript” app that was taken down last year when the IRS discovered it had been used by hackers to access hundreds of thousands of tax returns.

The Internal Revenue Service still doesn't have the authority from Congress to correct billions of dollars in erroneous claims for the Earned Income Tax Credit despite recent legislation, according to a new report.

The Internal Revenue Service needs to enhance its internal control over financial reporting, according to a new report from the Government Accountability Office.

Although the initial flurry of publicity surrounding the leak of the Panama Papers has subsided somewhat, the release serves as a reminder that there’s a real problem for taxpayers still holding offshore accounts that they haven’t reported, according to Ivan Golden, an attorney at Schiff Hardin LLP.

Thomson Reuters has released a new version of its ONESOURCE Operational Transfer Pricing software that uses big data technology to automate, track and analyze the transfer pricing process.

The American Institute of CPAs has sent more than 160 recommendations to the Internal Revenue Service regarding on the items to include on the agency’s 2016-2017 Guidance Priority List.