Practice Management

Fantasia Barrino, the Grammy-nominated R&B singer who won American Idol in 2004, is reportedly facing a tax lien for nearly $100,000 from the Internal Revenue Service.

A month and half ago I posted the 10 reasons for my success. I received quite a few calls about that and I came up with some regrets, so I’m sharing them here.

Liberty Tax Inc. reported that the total number of customers it served in the U.S. and Canada grew by 2.1%, to 2.2 million, in fiscal 2015. Revenue increased 1.6%, to $162.2 million.

The U.S. consulting market expanded by 9 percent to more than $50 billion last year, according to a new report that found Big Four firms outperformed the overall U.S. consulting market, posting growth of 12.8 percent to $17.5 billion.

Since its passage in 2010 with a number of deferred tax provisions, the Affordable Care Act has been a fertile source for new items of tax interest almost every year.

Some of our favorite recent tax fraud cases.

The Internal Revenue Service has issued interim guidance for taxpayers who are unable to get a bank account or make other arrangements for depositing their federal tax obligations by electronic funds transfer and thus are subject to a penalty for failure to deposit their tax payments.

The Internal Revenue Service has issued proposed regulations to implement a recent federal law authorizing states to offer specially designed tax-favored ABLE accounts to people with disabilities who became disabled before age 26.

Tax professionals need to juggle multiple commitments—especially during busy season. The long hours, travel and heavy workload can be an endurance test for many. With these demands on fathers’ time, it’s important for them to focus on balancing their professional and personal life in order to remain energized during and outside of work.

Two cases illustrate the effect that procedural rules—in these cases, statutes of limitations—have in determining the outcome of a taxpayer’s liability.