Practice Management

The Internal Revenue Service has issued interim guidance for taxpayers who are unable to get a bank account or make other arrangements for depositing their federal tax obligations by electronic funds transfer and thus are subject to a penalty for failure to deposit their tax payments.

The Internal Revenue Service has issued proposed regulations to implement a recent federal law authorizing states to offer specially designed tax-favored ABLE accounts to people with disabilities who became disabled before age 26.

Tax professionals need to juggle multiple commitments—especially during busy season. The long hours, travel and heavy workload can be an endurance test for many. With these demands on fathers’ time, it’s important for them to focus on balancing their professional and personal life in order to remain energized during and outside of work.

Two cases illustrate the effect that procedural rules—in these cases, statutes of limitations—have in determining the outcome of a taxpayer’s liability.

The merger will add 11 employees and three partners to Baldwin, for a total of 39 Baldwin employees.

The operator of Pender Tax Services, LLC, a tax preparation business in Rosenhayn, N.J., has been indicted by a federal grand jury on one count of conspiracy to defraud the Internal Revenue Service and nine counts of preparing fraudulent tax returns for her clients.

Professional advisors need to be more protective -- of both their practices and their clients, according to HD Vest president and CEO Roger Ochs.

The National Society of Accountants has posted an online petition that tax practitioners can sign to demonstrate their support for the “Tax Practitioners Bill of Rights,” which it issued earlier this week.

The House voted Thursday to repeal the medical device tax that was included in the Affordable Care Act.

The owner of a brothel in Salzburg, Austria has found an innovative way to protest what he sees as punitive taxation and regulation of his industry: offering free sex and drinks to patrons all summer.