Practice management

The likelihood of being audited by the Internal Revenue Service has its strongest impact on laxly governed companies and fosters corporate truthfulness not just in confidential tax returns, but in public financial reports, according to new research.

A high-ranking Internal Revenue Service official told a congressional panel that the agency is not planning to use tactics like tax liens and levies to make sure taxpayers are properly complying with the new health care reform law.

CCH has published a special report comparing the tax policies and proposals of President Barack Obama with his Republican rival Mitt Romney.

I meant to write about the latest corporate-sponsored holiday, National Fight Procrastination Day, when it occurred last Thursday, but I just didn’t get around to it.

Corporations are setting aside more money in their reserves for uncertain tax positions than they are actually paying to the federal government, according to a new study.

The Internal Revenue Service has begun previewing a set of draft forms to help taxpayers and banks comply with the Foreign Account Tax Compliance Act.

Bradley Birkenfeld, the former UBS AG banker who told the Internal Revenue Service how the bank helped thousands of Americans evade taxes, secured an IRS award of $104 million, an amount his lawyers said may be the largest ever for an individual U.S. whistleblower.

A federal judge in Worcester, Mass., has sentenced William Scott Dion of Sanbornville, N.H., to 84 months in prison for conspiring to defraud the United States and for obstructing the IRS.

The Facebook farewell message of departing IRS Return Preparer Office director David Williams has prompted a number of good wishes and gratitude for his work.

Nearly half of CFOs don’t anticipate the one-time costs of going public, according to a new survey by PricewaterhouseCoopers.

Financial Executives International has begun scoring members of Congress on how well their votes match FEI’s legislative priorities.

The Internal Revenue Service does not yet have enough information to determine whether its self-assistance and virtual services are providing efficient and effective customer service to taxpayers.

Cloud-based financial planning and reporting technology provider Adaptive Planning has purchased SaaS data visualization tool maker myDials, effectively enhancing the company’s business intelligence capabilities.

Republican presidential nominee Mitt Romney cited a group of economic studies to show that his tax-cut plan won’t increase the U.S. budget deficit or shift the tax burden to middle-income taxpayers.

Having a carefully designed social media policy in place isn’t only a matter of establishing standards for politeness; it’s necessary to legally protect your firm and its actions.

Tax departments are being excluded from discussions about whether it’s a good idea for their companies to move into cloud computing, despite security concerns.

A California woman has been sentenced to prison for claiming and receiving unemployment benefits while working full-time for the Internal Revenue Service.

As part of our Top 100 Most Influential People in Accounting report, we asked the candidates: "What is the most important issue currently facing the accounting profession?" Here are their answers.

President Barack Obama critiqued his rival Mitt Romney's tax reform plans during his acceptance speech at the Democratic National Convention, comparing Republican proposals to a doctor's standard prescription.

If there’s a shortage of tax preparers for the 2014 season, it won’t be for lack of education providers.