Practice and client management

Klatzkin & Co.’s Stephen Klein shares the biggest mistakes business owners make

Ninety percent of the records in the Internal Revenue Service’s Excess Collection File represent $4.75 billion in credits to which taxpayers no longer have a legal claim, according to a new government report.

Check out the digital edition of the February 2016 issue of Accounting Today.

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

The Internal Revenue Service said Wednesday evening its tax-processing systems have suffered a hardware failure and that tax processing could be affected into Thursday.

Special Report

Our comparison guide to sales and use tax solutions

Two client advisers from Julius Baer Group Ltd. accused of helping Americans evade taxes are expected to plead guilty in New York on Thursday, when the Swiss bank will resolve its own criminal case by agreeing to pay $547 million, according to two people familiar with the matter.

Accounting professionals and their clients encounter many different circumstances that may generate the need for an appraisal of a business or part of a business.

A startup is trying to reduce the amount of time taxpayers spend on hold with the Internal Revenue Service this tax season.

As tax season kicks off, tax preparers are keeping their fingers crossed.

Maryland Comptroller Peter Franchot said Tuesday he has suspended processing of electronic and paper tax returns from 16 Liberty Tax Service franchise locations due to a high volume of questionable returns received, on top of seven Baltimore-area Liberty locations that he suspended processing last week.

Are you too small to endure?

Taxpayers are increasingly aware of identity theft-related tax fraud this year and are concerned about becoming victims, according to a new survey.

Firms suck at succession planning -- and it's their partners' fault.

Tax pros share their most confusing forms, clients and more

Starting February 16, the Internal Revenue Service will begin accepting requests for bilateral advance pricing agreements between the U.S. and India for the taxation of multinational companies.

Accounting firms that prepare the taxes of companies they also audit tend to steer away from dubious tax deductions, according to a new study.

The American Institute of CPAs has sent comments to the Internal Revenue Service and the Treasury Department asking for changes in the IRS’s draft Form 8971, Information Regarding Beneficiaries Acquiring Property from a Decedent, and draft instructions.

A roundup of our favorite recent tax fraud cases.