Practice Management

The Internal Revenue Service is asking tax professionals to refrain from directing their clients to call the IRS’s e-help desk, saying that it is causing longer hold times on the phone line, which is only supposed to be used by practitioners.

Congressional Republicans have narrowed the estate tax so much that it affects only about 5,500 wealthy American households a year. Now they want to eliminate the tax altogether—with a bonus for heirs.

Consumer demand is not affected as much by sales taxes that are tacked onto purchase prices, as opposed to excise taxes that are included in the purchase price, according to a new study.

With minutes counting down to this year's tax deadline, clients (and many of their accountants) are scrambling to get paperwork wrapped up on time. But many financial and tax professionals caution that in the heat of the moment, even the most knowledgeable can forget the basics – never mind easy-to-miss, specialized strategies.

The IRS is giving clients who got a wrong 1095-A limited relief from tax penalties.

The Big Four Firm, KPMG LLP, has entered into an agreement to acquire substantially all of the assets of Beacon Partners, Inc., a health care consulting firm that offers strategic management and clinical and information technology consulting services to health care providers.

Some of our favorite recent tax fraud cases.

Tax professionals share how they handle clients who bother them too much.

President Barack Obama and his wife reported adjusted gross income of $477,383 for 2014, down 0.8 percent from last year, according to their tax returns.

A new report from the U.S. Congress’s Joint Committee on Taxation shows that looking only at income taxes misses most of what we pay to the federal government each year.