Practice Management

The Internal Revenue Service may have allowed approximately $167.7 million in questionable fuel tax credit claims between 2011 and 2013, according to a new government report.

The Internal Revenue Service did not maintain effective internal control over financial reporting as of Sept. 30, 2014, because of a continuing material weakness in internal control over unpaid tax assessments, according to a new report by the Government Accountability Office.

A tax preparer in the Bronx, N.Y. has pleaded guilty to operating a $4.8 million Ponzi scheme and faces up to 11 years in prison.

The global tax services firm Ryan has signed an agreement to acquire another large tax services firm, WTP Advisors.

An Internal Revenue Service employee was arrested last week after knocking a woman unconscious at a Pittsburgh Steelers game and then trying to bribe several police officers to cover up the incident.

These five quotes were pulled directly from a random selection of CPA firm websites (if you go to your website, I bet something like this is on there too):

A former Internal Revenue Service agent in Houston who was fired for carrying a ritual dagger as an article of her Sikh religious faith has won a settlement with the federal government allowing her to bring it into federal buildings.

Wolters Kluwer CCH has released a new tax briefing document analyzing the federal tax legislation outlook along with strategies that taxpayers and businesses should consider for reducing their income taxes.

The Internal Revenue Service has issued guidance clarifying the impact that a 2014 rollover of an individual retirement arrangement has on the one-per-year limit imposed by the Tax Code on tax-free rollovers between IRAs.

The Internal Revenue Service needs to increase the number of business tax returns and information returns that are filed electronically, recommends a new government report.