Practice Management

The Internal Revenue Service and the Financial Crimes Enforcement Network have granted a one-year extension on the deadline for filing a Report of Bank and Financial Accounts form, or FBAR, but only for a small subset of individuals who have only signature authority.

The Internal Revenue Service has issued a notice restricting the use of the term “registered tax return preparer” until tax preparers can be officially tested and checked.

Princeton University’s Seeley G. Mudd Manuscript Library has recently acquired the papers of a former IRS investigator who uncovered evidence of secret campaign donations to then-Congressman Lyndon Baines Johnson.

The American Institute of CPAs is urging Congress to repeal a 3 percent tax withholding rule facing government contractors and individuals such as farmers and medical professionals.

A revenue agent with the Internal Revenue Service has been sentenced to 36 months in federal prison for filing fraudulent tax returns for himself and innocent relatives that claimed, among other things, bogus deductions for alimony and mortgage payments.

IMGCAP(1)]Social networking sites come and go.

Early tax collection data for the first quarter of the year indicates that tax collections have grown for the fifth straight quarter, according to a new study.

In the aftermath of the devastating tornado Sunday in the Joplin, Mo., area, the Internal Revenue Service is giving victims additional time to meet their tax obligations.

IMGCAP(1)]I once watched a long-distance golf drive competition and was amazed at the distance that some people are able to hit a golf ball.

Jackson Hewitt Tax Service filed for Chapter 11 bankruptcy, but said it has reached a definitive agreement with its secured lenders on a restructuring plan.