Practice management

An Internal Revenue Service revenue officer has been indicted for committing mail and wire fraud, filing false tax returns, identity theft and perjury.

Tech consultant Joe Woodard talks with Accounting Today editor-in-chief Dan Hood about the changing opportunities for accountants with cloud and mobile technology.

The Internal Revenue Service has made big strides in processing applications from groups seeking tax-exempt status, according to a new report from the Treasury Inspector General for Tax Administration, whose 2013 report precipitated the Tea Party targeting scandal that led to the ouster of several top IRS officials.

A convicted tax preparer who was sentenced to probation in 2012 has now received a prison sentence for continuing to prepare and file tax returns in violation of a court order.

Tim Loo learned early this year that his name and Social Security number had made their way onto a fraudulent tax return, and immediately wondered whether the identity thief might also have his bank-account details or his kids’ Social Security numbers.

Leaders of the Senate Finance Committee are being inundated with suggestions for tax reform, despite the limited prospects for comprehensive reform ahead of next year’s elections.

In February, I wrote an article about the challenge I was about to embark on: tax season along with training for an Ironman competition.

The Internal Revenue Service needs to do better at ensuring that health insurance policy issuers and self-insured plan sponsors pay a fee required under the Affordable Care Act known as the Patient-Centered Outcomes Research fee, according to a new government report.

Ideas for tax reform abound, though the prospects are not as bright as they once were.

Limited liability companies have become the entity of choice for small business owners and are commonly utilized by professionals in asset protection planning.

The Internal Revenue Service needs to make further improvements in how it audits partnership tax returns, including assessing how much additional tax the partners owe after a partnership return is audited, according to a new government report.

The National Football League’s central office will become a taxable entity, ending its tax-exempt status in a move with minimal financial effect and significant symbolic value.

Certain EAs who haven’t timely renewed their enrollment status need to do so as soon as possible:

The American Institute of CPAs is pushing to improve the quality of employee benefit plan audits, in part by discouraging unqualified firms from offering the service, in advance of an upcoming report from the U.S. Department of Labor that is expected to find continuing problems with the quality of one-third of the audits.

Chicago plastics manufacturer Stefan Edlis faced more than $20 million in U.S. capital gains taxes by selling his Andy Warhol painting to billionaire Steven A. Cohen eight years ago.

A New Jersey CPA and lawyer has been sentenced to 27 months in prison for conspiring with a mortgage broker to extort and defraud police officers and other victims by falsely claiming they were the subjects of Internal Revenue Service criminal investigations that he could resolve if they paid up to $20,000.

Marc Rosenberg of Rosenberg Associates talks about ways to encourage growth in accounting firms and attract qualified staff, and the threats and dangers that firms confront if they become too complacent, in an interview with Accounting Today editor-in-chief Dan Hood.

The American Institute of CPAs has issued a set of questions and answers on the services a practitioner can provide in connection with the American Land Title Association’s Best Practices Framework for real estate settlement.

I had a client who had five sons and three daughters that worked in his business. Their ages ranged from 28 to 48. I was helping him with exit planning and suggested that I could possibly structure a transaction where either some or all of his children could buy his business.

A Miami resident has been charged with threatening to destroy the Internal Revenue Service building with either fire or a bomb.