Practice Management

The Government Accountability Office has provided Congress with a guide for screening and assessing proposals to disclose confidential tax information to specific parties for certain purposes.

The Internal Revenue Service has issued a notice that provides transitional relief from information reporting requirements for issuers of stock with respect to organizational actions that affect the basis of the stock.

President Obama proposed Friday to consolidate six major federal departments and agencies that oversee various aspects of business in the U.S., including the Commerce Department and the Small Business Administration.

The Internal Revenue Service has begun offering a $25,000 buyout program to encourage up to 400 of its employees to accept retirement or early retirement by March.

The Tax & Accounting business of Thomson Reuters has acquired Canadian tax preparation software developer Dr Tax Software Inc.

The Internal Revenue Code requires National Taxpayer Advocate Nina Olson to submit a report to Congress each year identifying, among other things, 20 of the most serious problems encountered by taxpayers, and to make administrative and legislative recommendations to mitigate those problems.

President Barack Obama plans to include tax incentives in his fiscal 2013 budget to encourage more U.S.-based multinational companies to relocate jobs from foreign countries back home.

IMGCAP(1)]A new bill making its way through Congress has the potential to change the world of e-commerce quite drastically and hurt the viability of small businesses across the country to compete in a growing sector of our economy.

A former partner at a top international law firm has been sentenced to 28 months in prison for failing to pay taxes on over $10 million in income.

National Taxpayer Advocate Nina E. Olson’s annual report to Congress highlights the combination of an expanding IRS workload and declining resources as the most serious problem facing taxpayers.