Practice Management

The Treasury Inspector General for Tax Administration issued a warning Thursday as millions of taxpayers raced to meet the October 15 deadline for tax extensions that although it is making some progress in its investigation of a phone fraud scam perpetrated by individuals misrepresenting themselves as Internal Revenue Service employees, taxpayers should continue to beware of these fraudulent phone calls.

The married owners of a Louisiana tax preparation business are facing dozens of felony charges for a fraud scheme that cost taxpayers hundreds of thousands of dollars.

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

Santos, Postal & Company is merging in Hildebrand, Limparis & Associates, adding an office in Frederick, Md., to the firm’s existing office in Rockville, Md.

The Internal Revenue Service has issued a set of proposed changes in the administrative appeals process for cases docketed in the U.S. Tax Court.

Starbucks Corp. and a Fiat Chrysler Automobiles NV unit are set to be first in the firing line as European Union regulators issue a series of rulings over tax breaks for global companies, including Apple Inc.

The Internal Revenue Service has stamped an approval on Bank of America Corp.’s $8.5 billion settlement tied to bad mortgages sold by its Countrywide unit in the run-up to the financial crisis, possibly setting a standard for agreements with other lenders.

Expressing gratitude can mean more than good manners in a professional services practice: The right kind of thank you at the right moment can also increase your business. What should you give and when?

Blucora’s $580 million acquisition of HD Vest Financial Services promises to open up new opportunities for tax professionals who work with the brokerage.

If you haven’t figured it out yet, people who are dealing with issues outside of your office not only struggle to provide value from their role, but they inadvertently interrupt the value provided by your entire organization. There is a story whirling around the college football arena about this exact issue.