Practice management

Two California residents have been indicted for filing over $2 million in false tax refund claims using the names and Social Security numbers of dead people, with help from a CPA.

iPro One and American Business have teamed up to offer insurance products that wealth management advisors at CPA firms can market to their clients.

A group of Democratic representatives from the House Ways and Means Committee wrote a sternly worded letter to Treasury Secretary Henry Paulson warning him against expanding a controversial IRS Notice that allows banks to write off the tax losses of other banks they acquire.

The fourth of six defendants in a $60 million tax fraud conspiracy case has been sentenced to more than 17 years in prison for his role.

Tax advocacy group Citizens for Tax Justice has released a report urging President-elect Barack Obama to avoid cutting the federal estate tax.

Disaster Relief Resource Center for Tax Professionals

President-elect Barack Obama has quietly dropped his original proposal for a windfall profits tax on oil companies, according to a spokesperson.

The U.S. reportedly plans to sign an agreement with the government of Liechtenstein that will help put a stop to the use of the small European principality as a tax haven.

A federal grand jury in New York has indicted four people in a scheme to claim false income tax refunds using the identities of clients of two New York City agencies.

Accounting firm WithumSmith+Brown has introduced a new consulting service to help businesses deal with the troubled economy.

December's a perfect time for accountants to check their lists twice to make sure they have all their bases covered before busy season starts cranking.

As President-elect Barack Obama continues to name members of his cabinet who will have to quickly deal with pressing national and economic security issues, people are beginning to wonder if he will be able to fulfill the promises he made in his campaign.

The Treasury Department's Troubled Asset Relief Program needs to do a better job of ensuring integrity, accountability and transparency, according to a report from the Government Accountability Office.

I have visited many reception areas of professional service firms, had close interaction with hundred and hundreds of accountants, and am constantly exchanging business cards. At these times, being a reporter, I am always observing. I also more often than I would expect notice something that bothers me.

A federal grand jury has indicted a man after he crashed a motor vehicle twice into the side of a building that contains the offices of both the Internal Revenue Service and the Small Business Administration.

The IRS is not well prepared in the event of serious disasters, according to two new reports by the Treasury Department's inspector general.

The Internal Revenue Service has added two new appeals programs for taxpayers who are disputing IRS actions.

December's a perfect time for accountants to check their lists twice to make sure they have all their bases covered before busy season starts cranking.

The Internal Revenue Service said that taxpayers who make qualifying cash contributions for disaster relief efforts in the Midwest are able to benefit from a recently passed law that suspends the percentage-of-income limits that would normally apply when taxpayers deduct the contributions on their 2008 federal tax returns.

Treasury Secretary Henry Paulson announced a program to allocate $20 billion to back a $200 billion Federal Reserve facility for consumer lending.