Practice Management

The Internal Revenue Service has issued inflation-adjusted deduction limits for health savings accounts next year.

The Internal Revenue Service reported that the average annual tax gap has increased to $458 billion for tax years 2008-2010, compared to $450 billion for tax year 2006.

Tax pros shares the different ways they relax after April 18 — and how many of them get right back to work

The Internal Revenue Service plans to make changes in its procedures and computer systems to better identify a taxpayer’s outstanding tax debts and subtract them from the tax refunds they receive, particularly for owners of small businesses.

Jim Boomer will succeed his father L. Gary Boomer as CEO of Boomer Consulting, Inc., as part of a long-term succession plan that has been underway for the last seven years and includes several other big moves at the prominent accounting firm consultancy.

Chevron Corp. used a shell company in a tax haven to escape hundreds of millions of dollars in Australian taxes, according to a 2015 court ruling. The subsidiary, which allowed Chevron to eliminate Australian taxes on $1.7 billion in profit earned there, wasn’t secreted away on a remote tropical island—it was set up in the very mundane locale where corporate secrecy was born: Delaware.

TaxAct plans to launch a new sweepstakes next week for tax professionals to celebrate the end of tax season.

Texas storm victims, including those in the Houston area, have until September 1 to file their returns and pay any taxes due, the IRS said.

Market segmentation and why your firm should be doing it

REDW LLC, one of the Southwest’s 10 largest accounting firms, has elected Steve Cogan as managing principal, succeeding Ron Rivera, who has served as firm-wide managing principal for the past 15 years.