Practice management

The Internal Revenue Service needs to strengthen its correspondence audit selection process by auditing more of the prior- and subsequent-year tax returns of noncompliant income tax filers, according to a new government report.

The Treasury Department and the Internal Revenue Service have issued proposed regulations to implement the information reporting requirements for insurers and certain employers under the Affordable Care Act.

Check out the digital edition of the September 2013 issue of Accounting Today.

The Internal Revenue Service on Friday released to the House Ways and Means Committee another video spoof to add to their infamous collection, a parody of Donald Trump’s “The Apprentice.”

I am choosing this week to focus on yet another warrior in the growing cloud accounting battle that you may or may not have heard of, but after attending its first U.S. partner conference I have a better sense of who Xero is and what challenges they have in the U.S. market.

The Supreme Court’s recent DOMA decision raised a number of questions regarding its tax implications.

As a business grows, tax issues become more complex and absolutely critical. Growing companies cannot get tied down and caught up by tax penalties that could have been avoided with simple due diligence.

Executives at online accounting product maker Xero acknowledged that they still have a lot of awareness work to do in the U.S. market and are hoping new and enhanced product offerings will help grow its partner base – who are primarily accounting firms -- as well as customers.

The Internal Revenue Service has provided transitional relief from penalties for a Section 6050W filer who reports incorrect taxpayer identification number information on Form 1099-K information returns and payee statements filed under Section 6050W of the Tax Code.

The Internal Revenue Service has issued final regulations restricting multinational corporations from bringing net built-in losses from abroad into the U.S.

CCH has issued a new tax briefing to provide guidance and analysis of the Internal Revenue Service’s announcement that all same-sex marriages nationwide will be recognized for federal tax purposes.

Busy season: say it to a room full of CPAs and you get a round of all-knowing nods in return.

The American Legion and other veterans’ organizations are expressing concern over reports that the Internal Revenue Service is requiring them to maintain military service records for their members or face stiff penalties.

Swiss banks will reach final settlements over tax disputes with the U.S. by 2015, according to Patrick Odier, chairman of the Swiss Bankers Association.

Grant Thornton has acquired the Oracle consulting business of MarketSphere, a Kansas City, Mo.-based business consulting firm, which expands Grant Thornton’s Technology Solutions practice.

The Internal Revenue Service has issued temporary and proposed regulations for charitable hospital organizations on how to report any excise taxes for failing to meet the community health needs assessment requirements of the Affordable Care Act.

The Internal Revenue Service plans to make a priority of issuing guidance relating to measurement of a Section 501(c)(4) organization's primary activity and whether it is operated primarily for the promotion of social welfare, including guidance relating to political campaign intervention, in response to recent scandals at the agency.

Approximately 23.4 million individual income tax returns reported nonfarm sole proprietorship activity for tax year 2011, a 1.8 percent increase from 2010, according to newly released statistics from the Internal Revenue Service.

Your firm may be successful today, but everyone knows that success can be fleeting unless you’re continuously thinking ahead to identify and win the next client.