Practice Management

The Internal Revenue Service plans to send letters to approximately 100,000 tax return preparers who it said Tuesday failed to follow its new registration requirements.

Congressman John Tierney, D-Mass., has introduced a bill that would eliminate about 27 different tax expenditures, including tax breaks for energy companies.

A federal requirement that the tax returns of large corporations be filed and processed electronically has resulted in cost savings to the corporations and the government, according to a new government report.

President Obama challenged Republicans on Monday to offer him their tax reform proposals for resolving the debt ceiling dilemma as he pushed for a deal that the two parties could agree to before the August 2 deadline on raising the debt limit.

Thomson Reuters has released GAAP Reporter on its Checkpoint online tax and accounting research service.

The American Institute of CPAs has written a letter to the Internal Revenue Service offering to help develop the IRS exam for registered tax return preparers by leveraging the AICPA’s own experience with the Uniform CPA Exam.

Sage North America announced new programs Monday to support business partners in preparing their businesses to deliver cloud-based services to their customers through a new educational curriculum, and the Sage Partner Marketing Platform.

A bipartisan pair of lawmakers have introduced a bill that aims to ensure better tax compliance on the part of professional employer organizations and protect small businesses.

The Internal Revenue Service has been updating its assessment of the extent to which underreported employment taxes are contributing to the tax gap, but it may not be using the right methodology to revise its numbers.

The unemployment rate climbed a tenth of a percentage point to 9.2 percent after employers added only 18,000 jobs in June, the lowest level in nine months.