Practice Management

The Internal Revenue Service lacks effective processes to ensure the authenticity of copies of documents certified by a foreign issuing agency to support an application for an Individual Taxpayer Identification Number, according to a new government report.

The Senate Finance Committee has released its long-awaited report on the Internal Revenue Service’s treatment of political groups applying for tax-exempt status, and it includes a tantalizing reference to Bristol Palin, the daughter of former Alaska governor and vice presidential candidate Sarah Palin.

The National Society of Accountants has sent a letter to every member of Congress urging them to enact legislation to support a Tax Practitioners Bill of Rights that the organization issued in June and increase funding for the Internal Revenue Service.

The Internal Revenue Service is cautioning taxpayers and tax practitioners against the newest scams as losses top $20 million in money stolen from victims by fraudsters claiming to work for the IRS and other government agencies, including the Department of Motor Vehicles.

The management of the IRS was “delinquent” in its treatment of Tea Party groups seeking nonprofit status and the agency’s poorly planned efforts to address the issue “ended in predictable failure,” according to a U.S. Senate report released on Wednesday.

Former Internal Revenue Service commissioner Mark Everson has filed a complaint with the Federal Election Commission objecting to being left out entirely of Fox News’s Republican presidential debate.

Leaders of the Senate Finance Committee have released a bipartisan investigative report on the scandal involving the extra scrutiny the Internal Revenue Service’s gave to applications for tax-exempt status from political groups, finding evidence of mismanagement at the agency.

Serving nonprofit clients requires a distinct skillset from CPAs and auditors.

If residents of a state change domicile to another state and earn income in the new state, are they off the hook for state income tax in the state where they no longer reside?

Check out the digital edition of the August 2015 issue of Accounting Today.