Practice management

Let’s not ignore the 500-pound (orange or blonde, you pick) gorilla in the room. Like ’em or hate ’em, Hillary Clinton and Donald Trump are on everyone’s minds right now. And with the election just a few short weeks away (can’t get here soon enough in my opinion), the chatter around them is going to increase significantly.

The Internal Revenue Service plans to make changes in how it deals with people who don’t file tax returns to collect billions of dollars in lost tax revenue, according to a new report.

Billions of dollars in incorrect backup withholdings are overlooked by the Internal Revenue Service, according to a new report.

A new report from an Internal Revenue Service advisory group points to the high costs of information reporting and how the IRS can reduce the burden.

Highlights of some of our favorite tax-related blogs from the past week.

Annual inflation adjustments will affect more than 50 tax provisions, including the tax rate schedules, in tax year 2017, the Internal Revenue Service announced.

The Internal Revenue Service has agreed to do more to process whistleblower claims more quickly and efficiently, according to a recent report.

(Bloomberg) For wealthy Americans, a big win by Hillary Clinton on Nov. 8 could get pretty expensive.

BKR International shares the quickest ways to shrink your business

BKR International shares the quickest ways to shrink your business

My friend Al is a sole practitioner with seven staff members and a thriving audit practice, besides the typical tax and small business tax clients. He is getting older, and while he has no plans to retire and is actively trying to grow his practice, he periodically meets with larger firms to see if there is an interest in acquiring his practice when that day comes. By doing this he stumbled on a fantastic business development formula.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

In the wake of Hurricane Matthew’s widespread devastation, 401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions to victims and their families, the IRS said.

Prospects for year-end tax legislation

The Internal Revenue Service’s efforts to prod taxpayers to disclose their offshore bank accounts and pay taxes on their holdings have reached the $10 billion mark and prompted over 100,000 taxpayers to come forward, the IRS said Friday.

The Internal Revenue Service issued an Audit Techniques Guide last month governing compliance with the tangible property repair regulations.

You have a great reputation, excellent credentials, went to all the right schools, and plenty of practical, relevant experience. I think you may just be the perfect CPA for me and you are exactly what I am looking for to help with my business. But I just signed an engagement letter with another firm. Huh?

A roundup of our favorite recent tax fraud cases.

Intuit is helping taxpayers in Alabama after errors were uncovered in its state income tax software that led some taxpayers to inadvertently overpay or underpay their taxes.

A federal grand jury indicted Thursday a former special agent who worked in the Internal Revenue Service’s Criminal Investigation unit, charging her with filing false tax returns, theft of government money and obstructing a federal investigation.