Practice Management

Too often, firms forget that mergers can be emotional for clients, too, according to M&A expert Joel Sinkin.

The House introduced legislation that aims to make it easier for individuals, employers, states and the federal government to determine who is eligible for premium tax credits under the Affordable Care Act.

The House approved legislation by voice vote permanently banning states from taxing Internet access or placing multiple or discriminatory taxes on e-commerce.

Republican leaders of Congress’s two tax-writing committees are questioning recommendations from the Organization of Economic Cooperation and Development aimed at stopping multinational corporations from shifting their profits to low-tax countries.

U.S. House Republicans are proposing a 7.7 percent cut to the IRS budget, setting the boundaries for a budget standoff over the next few months.

The Internal Revenue Service did not receive much of the information it needed early this tax season from health insurance exchanges to verify taxpayers’ qualifications to claim tax credits to subsidize buying health coverage, according to a new report.

A federal judge has ordered the IRS to answer questions by Friday, June 12, on the status of certain e-mails from former employee Lois Lerner that the service had said were lost.

The institute has recommended to the IRS that taxpayers making an accounting method change for mischaracterized research and experimental expenditures under Sec. 174 should compute a Sec. 481 (a) adjustment.

Soon the grasp of the taxman could be felt before the jackpot celebration stops at a lucky slot machine.

Three little letters, brokers' mailrooms and keyboarding crooks seemed the major troublemakers of the season just gone by, according to preparers.