Practice Management

Three Swiss bankers accused in 2012 of helping Americans hide more than $1.2 billion from the Internal Revenue Service face new charges of obstructing the agency from collecting taxes on undeclared accounts.

It takes a heap o’ living just to make a house a home, as the old poem teaches. In Joel Evans’ case, he did enough living in two houses in Louisiana to make the U.S. his tax home.

The Internal Revenue Service recently created a group whose goal is to centralize several prior ad hoc efforts to authenticate taxpayers across its systems in an effort to combat identity theft-related tax fraud, but the IRS lacks a good estimate of the costs, benefits and risks, according to a new government report.

New York Governor Andrew Cuomo said the state is expanding its network of free tax assistance sites, opening 80 new sites across the Empire State and offering 942 free sessions to New Yorkers, while also dedicating more money toward combating tax fraud.

H&R Block is warning that taxpayers in 12 states will be unable to use certain federal tax breaks on their state tax returns because of Congress’s late passage of tax extenders legislation, leading to lower state tax refunds.

Caterpillar Inc. said the Internal Revenue Service has “proposed” tax increases and penalties of about $1 billion after examining its U.S. returns for 2007 to 2009, including a loss carryback to 2005.

A CPA has released what he is calling a “survival kit” for the Internal Revenue Service’s recently revised repair regulations for tangible property.

Ah, the emotions of tax season: the rising sense of intensity and excitement followed by the descent into exhaustion.

The Internal Revenue Service warned tax preparers and other tax professionals to be on guard against bogus emails seeking updated personal or professional information that in reality are phishing schemes.

The Treasury Department said Wednesday that it would delay enforcement of an Affordable Care Act prohibition relating to standalone health reimbursement arrangements until July 1.