Practice Management

The Senate Finance Committee heard testimony Thursday about the increasing prevalence of tax scams and identity theft, with senior citizens finding themselves especially vulnerable to callers impersonating Internal Revenue Service employees.

The most popular way Americans will use their tax refunds is to pay down their debt, according to a new survey.

Dave Camp, the former Republican chairman of the tax-writing House Ways and Means Committee who spearheaded an effort at tax reform in Congress, has joined PricewaterhouseCoopers as a senior policy advisor based in PwC US’s Washington National Tax Services practice.

The campaign for the Republican nomination for president is poised to become a race to the biggest tax cut.

Each New Year brings with it issues and regulations—both new and revisited—that cause accountants and their small business clients to scramble in order to remain compliant with the law.

A married couple who are partners in a Louisiana tax preparation service are also allegedly partners in crime, according to prosecutors.

The Internal Revenue Service said it has federal income tax refunds totaling $1 billion waiting for an estimated 1 million taxpayers who did not file a federal income tax return for 2011.

The Internal Revenue Service generally has adequate processes in place to prevent inadvertent disclosures of taxpayer information to unauthorized people, but it also understates the number of inadvertent disclosures it makes, according to a new government report.

The leaders of the Senate Finance Committee, chairman Orrin Hatch, R-Utah, and ranking Democrat Ron Wyden, D-Ore., have revived a bipartisan effort to solicit ideas from interested members of the public and other stakeholders on how best to overhaul the tax code to make it simpler, fairer and more efficient.

Highlights of some of our favorite tax-related blogs from the past week.