Practice and client management

The Association for Accounting Marketing has a new leadership team in place.

The Internal Revenue is granting relief to people who have been burdened with the old tax debts of their estranged spouses by eliminating the two-year limit on requests for innocent spouse relief.

Some taxpayers received multiple refunds for their First-Time Homebuyer Tax Credit claims, while others changed the acquisition date of their homes on their amended returns to avoid having to repay the refunds they had improperly claimed, according to a new report.

A former special agent who worked for the National Aeronautics and Space Administration’s Inspector General office has pleaded guilty to filing a false tax return that failed to list the $300,000 in cash he stole from his church’s collections while serving as a deacon.

The Internal Revenue Service paid fewer than 100 whistleblowers last year, about half the number it paid two years ago, even though it received more than twice the number of whistleblower cases.

The former head of Credit Suisse’s North America Offshore Banking unit has been charged along with three other officials with conspiring to help U.S. taxpayers hide their assets in secret accounts at the Swiss bank.

A tax preparer pleaded guilty in a New Jersey federal court to preparing false income tax returns after he was caught by an undercover IRS agent posing as a client.

IMGCAP(1)]Business development seems to be the buzzword of 2011 (probably fourth behind cloud, social media, and merger).

Twenty-four percent of homeowners say they have challenged their property tax assessments at some point, according to a new survey.

The House Ways and Means Oversight Subcommittee plans to hold a hearing next Thursday on the Internal Revenue Service’s recent efforts to step up regulation of tax return preparers.

The IRS’s Taxpayer Advocate Service may be pursuing relatively minor issues instead of truly systemic problems, according to a new report from the Treasury Inspector General for Tax Administration.

The Internal Revenue Service is asking for feedback on its plans to update its rules for how its Office of Appeals should communicate with other parts of the IRS about taxpayer disputes without the taxpayers or their representatives in the room.

A federal appeals court has affirmed a Tax Court ruling in favor of a couple who had asked the Internal Revenue Service to sell their shares of stock to pay the money they owed for failing to report income from a check-cashing scheme.

SIB Development & Consulting has formed a strategic partnership with BookKeeping Express to offer SIB’s services for reducing businesses’ monthly expenses through BookKeeping Express’s 30-plus franchise locations.

Enterprise Worldwide and Acuity Capital are teaming up to help CPA firms offer merger and acquisition intermediary services in their practices.

Government entities that didn’t comply with the tax laws received different terms in the agreements they reached with the Internal Revenue Service to resolve their tax issues, according to a new report.

The Internal Revenue Service has issued letters denying tax-exempt status to three unidentified political groups that had applied for the exemption as Section 501(c)(4) groups.

The so-called “cut, cap and balance plan” legislation that passed the House would require the passage of a Balanced Budget Amendment to the U.S. Constitution that would mandate a two-thirds supermajority to approve any future tax increases.

A bipartisan group of senators that has been meeting on and off for months to hammer out a budget deficit reduction plan appears to have reunited and gained support on both sides of the aisle for a plan to reduce the budget deficit by $3.7 trillion over 10 years.