Practice Management

President Barack Obama and Speaker of the House John Boehner, R-Ohio, made the case for their rival approaches to controlling the nation’s spiraling budget deficit as the clock ticks down to the August 2 deadline for raising the debt ceiling to avoid an unprecedented default on the national debt.

IMGCAP(1)]There is a fuzzy line between a worker who is properly classified as an employee and a worker who is properly classified as an independent contractor.

The Association for Accounting Marketing has a new leadership team in place.

Wisconsin accounting firms Schenck SC and Rajek, Grimm & Associates have combined, expanding Schenk’s footprint to the central part of the state.

The Internal Revenue is granting relief to people who have been burdened with the old tax debts of their estranged spouses by eliminating the two-year limit on requests for innocent spouse relief.

Some taxpayers received multiple refunds for their First-Time Homebuyer Tax Credit claims, while others changed the acquisition date of their homes on their amended returns to avoid having to repay the refunds they had improperly claimed, according to a new report.

A former special agent who worked for the National Aeronautics and Space Administration’s Inspector General office has pleaded guilty to filing a false tax return that failed to list the $300,000 in cash he stole from his church’s collections while serving as a deacon.

The Internal Revenue Service paid fewer than 100 whistleblowers last year, about half the number it paid two years ago, even though it received more than twice the number of whistleblower cases.

The former head of Credit Suisse’s North America Offshore Banking unit has been charged along with three other officials with conspiring to help U.S. taxpayers hide their assets in secret accounts at the Swiss bank.