Practice Management

Internal Revenue Service Commissioner Doug Shulman told students that the Tax Code has grown far too complex in recent years.

A longtime promoter of trust packages who promised to shield her customers’ assets from taxes has been sentenced to a seven-year prison term.

The House Ways and Means Select Revenue Measures Subcommittee held a hearing to consider a move to a territorial corporate tax system that would tax only the income earned inside the U.S.

A group of millionaires visited the halls of Congress in an effort to convince lawmakers to raise tax rates on incomes of $1 million a year or more.

A 2008 Senate report estimated the costs of non-compliance by taxpayers using offshore bank accounts to be at least $100 billion annually.

In its strategy to expand its presence in the North/Northwest section of Houston, regional CPA and business advisory firm McConnell & Jones has acquired the practice of Adamson, Hood & Co.

A pair of reports from IRS advisory and watchdog groups outline a set of priorities for the agency, including remote work, uncertain tax positions and security.

The House overwhelmingly passed legislation repealing the 3 percent withholding mandate on government contractors, along with a tax credit for hiring veterans.

Fiducial Business Centers, a provider of tax, bookkeeping and financial planning services in the U.S. said it has acquired Springfield, Ill.-based Funeral Directors of America and Funeral Management Services, for undisclosed terms.

The November 23 deadline for Congress’s deficit reduction “supercommittee” is only about a week away and effectively a few days less.