Practice Management

The Internal Revenue Service does not have the controls and processes that it needs to avoid paying out erroneous Foreign Tax Credit claims, according to a new report.

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

Does your firm need to hire a marketing director?

Handling tax controversy cases before the IRS calls for more than just tax expertise

Two recent reports demonstrate how tax breaks at the state and federal level can help reduce poverty.

First, a bit of non-news: College is expensive. Last school year, private colleges averaged over $31,000. But there is some relief available from a tax perspective.

The Internal Revenue Service is testing a new Return Review Program to help identify instances of tax return fraud, but the security of the system needs improvement, according to a new government report.

Tax services firm Ryan has acquired EnerTax Consultants to expand its severance tax practice into one of the biggest in the U.S.

The Internal Revenue Service’s Collection Due Process Program, which allows taxpayers to appeal a tax levy or lien, continues to experience problems, according to a government report.

The American Institute of CPAs has sent a comment letter to the Internal Revenue Service and the Treasury Department recommending that S corporations be entitled to the same tax deductions as C corporations when it comes to worthless stocks.