Practice Management

The Treasury Department and the Internal Revenue Service issued a notice Thursday announcing plans to phase in the requirements of the Foreign Account Tax Compliance Act and explaining how foreign financial institutions can comply with the U.S. law.

The National Society of Accountants has submitted comments to the Internal Revenue Service about plans for a tax preparer competency examination, supporting the intended purpose of verifying the “minimal competency” of tax preparers.

The Internal Revenue Service does not always promptly and properly notify taxpayers of inadvertent disclosures of their personal information, according to a new government report.

IMGCAP(1)]Isn’t technology great when you simply push the power button and it’s instantly ready for you to be productive?

Congress’s two tax-writing committees convened a rare joint hearing Wednesday to consider whether the Tax Code is providing too many incentives for accumulating debt as opposed to equity.

The Internal Revenue Service is urging taxpayers to guard against being misled by unscrupulous individuals trying to persuade them to file false claims for tax credits or rebates.

Sen. Carl Levin, D-Mich., and several other senators have introduced a bill to close offshore tax loopholes and strengthen offshore tax enforcement.

Protected Tomorrows Inc. has introduced a new program to help financial professionals such as CPAs deal with families who have a loved one with special needs such as autism, bipolar disorder or Alzheimer’s disease.

Amazon.com is trying to get a referendum on the California ballot to get the recently enacted online sales tax law reversed.

Washington, D.C.-based CPA firm Martin & Wall has joined with Milwaukee-based Chortek & Gottschalk, becoming a division of C&G.