Practice Management

When taxpayers rent out a room on Airbnb, they may realize that any compensation they receive is subject to income tax. Lodging tax, however, is probably not on their minds.

The Internal Revenue Service met Thursday with tax preparation and software companies, payroll and tax financial product processors, and state tax administrators to announce a sweeping new collaborative effort to combat identity theft refund fraud and protect taxpayers.

The new addition will extend Armanino's reach throughout California

The Vatican has signed an intergovernmental agreement with the U.S. Treasury Department to implement the Foreign Account Tax Compliance Act, or FATCA.

Too often, firms forget that mergers can be emotional for clients, too, according to M&A expert Joel Sinkin.

The House introduced legislation that aims to make it easier for individuals, employers, states and the federal government to determine who is eligible for premium tax credits under the Affordable Care Act.

The House approved legislation by voice vote permanently banning states from taxing Internet access or placing multiple or discriminatory taxes on e-commerce.

Republican leaders of Congress’s two tax-writing committees are questioning recommendations from the Organization of Economic Cooperation and Development aimed at stopping multinational corporations from shifting their profits to low-tax countries.

U.S. House Republicans are proposing a 7.7 percent cut to the IRS budget, setting the boundaries for a budget standoff over the next few months.

The Internal Revenue Service did not receive much of the information it needed early this tax season from health insurance exchanges to verify taxpayers’ qualifications to claim tax credits to subsidize buying health coverage, according to a new report.