Practice Management

Accountants see their small and midsize business clients making plenty of mistakes once tax season rolls around, but tax season may be too late to warn them.

The Internal Revenue Service is sending letters to verify the identity of taxpayers as part of its effort this tax season to combat the growing problem of identity theft.

This week’s edition of the Blotter includes not just our usual collection of preparer-related fraud, but also a chilling story about a preparer whose clients turned violent.

The Minnesota Society of CPAs has compiled a list of red flags that could trigger an audit from the IRS if they apply to your clients' tax returns.

Although tax reform remains a top priority for the business community, tax executives are not optimistic a bill will reach President Obama’s desk this year.

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

The Internal Revenue Service is reminding taxpayers who turned 70-1/2 during 2014 that they most likely need to start taking required minimum distributions from their IRAs and other retirement plans by April 1.

Congressman Keith Ellison, D-Minn., has re-introduced legislation that would impose a “Robin Hood Tax” on financial transactions and use the money to fund social programs and other causes.

Walsh, Jastrem & Browne LLP has joined the Top 100 firm WithumSmith+Brown.

A limited liability company has become the entity of choice for many businesses throughout the United States for tax and liability purposes, but many of the operating agreements governing LLCs could have significant defects.