Practice Management

Two firms share their experiences with major sales & use tax packages

Some of our favorite recent tax fraud cases.

Legislation passed by Congress this week extending a trade deal between the U.S. and sub-Saharan Africa included a number of tax-related provisions.

Our weekly roundup of tax-related investment strategies and news that your clients may be thinking about.

The Internal Revenue Service said in an email to tax professionals Friday that it is planning to send letters to federal tax return preparers with expired Preparer Tax Identification Numbers or who have personal non-compliance issues.

The IRS reports that it processed 132,719,4656 returns from last season through May 28.

In a 5-4 ruling, the Supreme Court held in Obergefell v. Hodges that the 14th amendment requires all states to license a marriage between two persons of the same sex, and to recognize same-sex marriages validly performed out of state.

The Electronic Tax Administration Advisory Committee released its annual report to Congress recommending changes in a wide range of electronic tax administration issues.

The Supreme Court’s highly anticipated 6-3 decision Thursday in King v Burwell found that premium tax credits under Code Sec. 36B, also known as health insurance subsidies, are not limited solely to taxpayers who live in states that have established their own health insurance exchange but are also available to taxpayers residing in states that have a federal exchange.

Officials from the Treasury Inspector General for Tax Administration told a congressional hearing that a number of backup tapes from Lois Lerner, the former director of the IRS’s Exempt Organizations unit, had been erased and they were unable to recover thousands of her old emails.