Practice management

The Internal Revenue Service is teaming up with tax authorities in the United Kingdom and Australia to battle offshore tax havens after uncovering new information on specific taxpayers and advisors.

The leaders of Congress’s two main tax committee teamed up Thursday to launch a new Web site and Twitter feed, with the goal of getting input from the American public on tax reform.

The House Ways and Means Oversight Subcommittee held a hearing Wednesday to examine the causes for the widespread noncompliance found in a recent audit of tax-exempt colleges and universities by the Internal Revenue Service.

CCH has released a new analysis of the Internet sales tax legislation approved by the Senate this week.

Sen. Rand Paul, R-Ken., has introduced legislation to repeal provisions of the Foreign Account Tax Compliance Act, or FATCA, that he contends undermine the privacy of U.S. citizens.

As a CPA and attorney at law, this office has certainly seen its share of food service industry examinations, both at the federal and state levels.

The Senate has approved legislation requiring online retailers to collect sales taxes from Internet sales, even if they don’t have a physical presence in the state where the customer resides.

Several hundred members of the National Treasury Employees Union are planning a rally at 26 Federal Plaza in New York City to call for an end to sequestration and protest unpaid furlough days for Internal Revenue Service employees and a planned shutdown of IRS services for the public.

Congress’s Joint Committee on Taxation has released a report summarizing various provisions of the Tax Code and suggestions that were sent to House Ways and Means Committee working groups tasked with various aspects of tax reform.

The Internal Revenue Service has published 2010 statistics on foreign trusts indicating an an increasing interest in foreign investment by U.S. taxpayers, and the impact of changes made in 1996 to information reporting requirements.

A recent survey of CPA firms identified marketing and business development as among the most important management issues facing these establishments.

A group of small business owners and individuals in six states have filed suit against the federal government over an IRS regulation imposed under the Affordable Care Act that the plaintiffs claim will require them to pay fines, cut back employee hours, or severely burden their businesses.

The Internal Revenue Service has issued final regulations requiring any person who has been assigned an Employer Identification Number to provide updated information to the IRS.

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

The Internal Revenue Service’s Oversight Board heard about the various problems encountered by tax practitioners and taxpayers, including the shortened tax season, identity theft and tax fraud.

The Internal Revenue Service has changed the inflation-adjusted annual limitation for health savings accounts for next year.

When Oklahoma energy billionaire George Kaiser opened the Northeast Gateway liquid natural gas terminal in 2008, the floating depot’s first delivery was shipped on the Excellence, a 909-foot supertanker that holds 138,000 cubic meters of LNG—enough gas to meet more than 4 percent of daily U.S. demand.

It’s become an annual rite of spring, at least for me—the release of Bloomberg BNA’s Survey of state tax departments. The survey, Bloomberg BNA’s 13th annual survey, asks questions aimed at clarifying each state’s position on the gray areas of corporate income and sales and use tax administration. Although nexus isn’t the only topic, it has been one of the main emphases of the survey.

The research and advocacy organization Global Financial Integrity is urging Sen. Rand Paul, R-Ky., to allow the Senate to vote on agreements negotiated by the Treasury Department with Switzerland, Luxembourg, Hungary and other countries to implement the Foreign Account Tax Compliance Act, or FATCA, in an effort to ferret out tax evaders.

In 1972, President Richard Nixon cruised to re-election. “The Waltons” premiered on CBS. And Sumner Redstone, who wasn’t yet a global media mogul, made a taxable gift to his children and failed to file a return.