Practice management

For some companies that got a temporary reprieve from the IRS in the height of the recession, the payback isn’t going to be as bad as they expected.

The Internal Revenue Service’s inspector general told Congress he’s “disturbed” that he didn’t receive until this month a July 2010 document that mentioned scrutiny of “progressive” nonprofit groups.

CCH said it has been selected for the ninth straight year by the Internal Revenue Service to deliver sales tax rate and taxability tables to help millions of Americans prepare their tax returns.

Everyone is talking about moving to the cloud as though you can just snap your fingers and suddenly change everything from software to workflow to paperless systems. But the reality is that getting completely to the cloud, no matter how compelling, will take a while.

A California businessman has pleaded guilty to concealing a foreign bank account at an Israeli bank on his 2007 tax return.

Acumatica has launched a campaign to add new reseller partners by mailing out a pair of “flip flop” sandals complete with a URL to the registration site for the company’s upcoming partner conference.

A former Internal Revenue Service employee was sentenced in a Manhattan federal court to three years of probation for violating a criminal conflict of interest law and to illegally disclosing confidential audit information during the time he was an IRS employee.

The Taxpayer Protection Program that the Internal Revenue Service implemented in an effort to curb the problem of identity theft-related tax fraud is improving the IRS’s efforts at detecting identity theft, but the case-processing controls need to be strengthened to reduce the burden on taxpayers victimized by identity theft, according to a new government report.

The American Center for Law and Justice, which has filed a federal lawsuit on behalf of 41 Tea Party and other conservative groups that claim to have been unlawfully targeted by the Internal Revenue Service, said Wednesday it is rejecting the government's offer for "expedited review" of applications for some conservative groups that have been waiting for years for a determination on their tax-exempt status, calling the offer “deeply flawed.”

A group of House Republicans whose committees have been investigating the Internal Revenue Service said Wednesday they have found evidence of delays created by the IRS Chief Counsel office in the screening of applications for tax-exempt status by Tea Party groups.

Armanino has released Dynamic Insights, a software package for reporting and analytics designed to integrate with and utilize data from a company’s existing Microsoft Dynamics AX or GP system.

NetSuite partner ERP Guru has unveiled its Business Monitoring Suite (BMS), designed to allow customers the ability to better monitor and benchmark their business in real-time versus industry peers.

CPA-focused business intelligence tool provider iLumen has added a survey platform as well as budgeting and forecasting capabilities to work in conjunction with its Client Intelligence and Industry Intelligence products.

The unthinkable happened to me. My office was burglarized and a computer stolen containing all of my clients’ personal information! This is my cautionary tale to my colleagues—we have become targets in the IRS identity theft epidemic.

The Internal Revenue Service told its employees and the union representing them Tuesday that it has taken various budget-related steps that will enable the IRS it to cancel the next planned unpaid furlough day for employees on Monday, July 22.

The American Institute of CPAs has written a letter to members of Congress to support legislation that would block the U.S. Department of Labor’s 2010 proposal to change its definition of fiduciary under the Employee Retirement Income Security Act of 1974 to include appraisers of employee stock ownership plans.

Sen. Chuck Grassley, R-Iowa, the former chairman of the Senate Finance Committee, is looking into findings from the Treasury Inspector General for Tax Administration that the confidential tax records of political donors or candidates have been inappropriately accessed or disclosed in several instances since 2006 and why the Justice Department has declined to prosecute the perpetrators.

With the formal release of the 2013 AICPA Guide, Valuation of Privately-Held Company Equity Securities Issued as Compensation, there are two valuation concepts that are new to the updated guide, but are already in fairly wide use.

Palo Alto Software has launched a service to integrate QuickBooks data with the company’s LivePlan software to remotely monitor the performance of a business for its accountants.

I read an article recently on AmEx OpenForum that I found profoundly disturbing. It seems that if you aren't happy in your job, you are not alone. In fact, you are in the majority!