Practice management

The Internal Revenue Service has posted a final version of the form for computing the 3.8 percent Net Investment Income Tax that was mandated as part of the Affordable Care Act.

As we work through the succession and retirement of senior partners in our firms, a lot of us are also reviewing and updating our internal documents and agreements.

The New York State Department of Taxation and Finance said Monday it has begun issuing the first income tax refunds of 2014 for taxpayers who used an online free tax service provided by the state.

One-third of Swiss banks offered amnesty by the U.S. for helping Americans evade taxes have applied for the program, a federal prosecutor stated at a Jan. 25 conference, according to three lawyers.

Ten years ago, Congress passed a law intended to penalize chief executive officers whose companies shift their legal addresses to tax havens.

The National Society of Accountants is worried about the impact of the budget cuts on the Internal Revenue Service’s ability to send out tax refunds and help taxpayers, and is sending a letter to the chairman of the House Financial Services and General Government Appropriations Subcommittee to outline its concerns.

Some of our favorite recent tax fraud cases.

Here is a one-question multiple choice quiz for all return preparers.

The Internal Revenue Service plans to send expiration letters next week to tax practitioners who have not renewed their Preparer Tax Identification Numbers for 2014.

A Southern California real estate agent who promoted a popular tax fraud scheme has been convicted of filing false claims.

The Internal Revenue Service has modified the procedures for obtaining its automatic consent to make certain changes in the methods of accounting for amounts paid to acquire, produce or improve tangible property.

The Internal Revenue Service recently drafted Affordable Care Act regulations that offer some insight into what will be the associated monetary penalties for individuals who do not take up health care coverage.

While many taxpayers look forward to filing season as the time they can get “free money” in the form of their tax refund, those with more complex returns are focused as well on avoiding situations that might lead to an audit.

The Republican National Committee plans to hold a vote Friday on a resolution calling for the repeal of the Foreign Account Tax Compliance Act.

Employers remain in a holding pattern through 2014 regarding a provision of the Affordable Care Act that the Internal Revenue Service is not yet enforcing.

The IRS Return Preparer Office has updated total numbers of federal return preparers who hold PTINs.

Many of my stories occurred many years ago—some are from a half century ago—so the question is, are they still relevant and why am I telling them now?

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

A coalition of a half dozen business organizations, including the American Institute of CPAs, have banded together to express their opposition to a proposal from the Senate Finance Committee to require businesses to use the accrual method of accounting for tax purposes.

The fact remains that when CPAs and accountants hear the word “sales,” they tend to run away as fast as possible yet when providers and vendors to the profession hear the same word, they see opportunities to meet their monthly or quarterly quotas.