Practice and client management

A New Jersey CPA provided whistleblower information to the IRS that the IRS failed to pursue, and he unsuccessfully sued the IRS.

The Internal Revenue Service is paying millions of dollars every year in unnecessary interest payments due to delays in processing net operating loss cases within the required 45 days, according to a new government report.

Grant Thornton LLP said it achieved a record amount of revenue for fiscal year 2012, generating $1.212 billion in revenue for the fiscal year ended July 31, a 9.3 percent increase from the prior fiscal year.

Facebook has reportedly paid only about $315,000 in taxes in the United Kingdom last year, even though the social networking giant reported U.K. revenues of about $32.8 million and is estimated to have earned over $281 million in the U.K.

ParenteBeard LLC has formed a “China desk” within the firm to provide clients with consulting services related to China, effective immediately.

Federal charges have been filed against 40 defendants in 20 separate cases in Florida dealing with thousands of stolen identities and millions of dollars of fraudulent identity theft tax filings.

A part-time blogger has been convicted of filing a false income tax return that left out nearly $142,000 in taxes on the income he earned on the side from selling advertising space on his blog.

Vice President Joe Biden sparred with Republican vice presidential candidate Paul Ryan in a lively debate over taxes, foreign policy, the economy, Medicare and Social Security.

Are you upset at the new tax prep franchise in the strip mall down the street that is siphoning off some of your return business?

The founder of a business called Uncle Sam’s Tax Service has pleaded guilty to stealing the identities of dead people and using them to file tax returns.

The former head of the Polaris accounting association has started a new association of independent accounting, legal and consulting firms known as Abacus Worldwide.

At the request of the IRS Chief Technology Officer, the Treasury Inspector General for Tax Administration reviewed the 2009 re-engineering of the service’s End-User Equipment and Services organization, and declared it successful.

Internal Revenue Service Commissioner Doug Shulman plans to finish his term on Nov. 9 and will be replaced by Steven T. Miller, deputy commissioner for services and enforcement, as acting commissioner.

We spend our days (and some nights and weekends) helping our professional services clients communicate what they do, who they serve and most importantly, how they are different.

Bipartisan support for the R&D tax credit can mean benefits for small and mid-sized businesses

Presentations from the 2012 IRS Tax Forums are now available online.

Congress is considering allowing the Internal Revenue Service to report on taxpayers’ tax debts to consumer credit bureaus.

Competing with the “giants” of the accounting industry is a difficult task.

A delivery truck carrying mail addressed to the New Jersey Division of Taxation was involved in an accident on the New Jersey Turnpike and caught fire on September 11, according to the State of New Jersey Department of the Treasury and most of the truck’s contents burned.

Dennis Duban, a Los Angeles-based accountant and tax return preparer, has pleaded guilty to conspiracy to defraud the IRS and assisting in the filing of a false federal income tax return.