Practice management

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

The importance of implementing a formal three-year strategic plan is often lost in the moment of operational management.

The Internal Revenue Service is seeing some success in its fight against identity theft and tax fraud despite successive rounds of budget cuts.

Not all attorney disbarments make news. But when the attorney being disbarred was an employee at the IRS who dealt with ethical issues, it becomes noteworthy.

Tax pros share their clients’ worst ideas about taxes

Effective asset protection requires the strategic use of several legal components.

California and Colorado taxpayers had a higher chance of an IRS audit than taxpayers in any other states, according to a new study, while New York and Massachusetts had the highest chance of an audit of their 2013 state tax return.

The Internal Revenue Service opened 19 percent fewer criminal investigations in fiscal 2014 than in the previous year, reflecting a decrease in budget and staffing, according to the agency.

One time I was reviewing a time run and noticed a certain staff tax person, Elliot, kept appearing on clients he wasn’t assigned to and I wondered why.

Frustrated taxpayers are encountering ever longer wait times on phones when seeking assistance from the Internal Revenue Service as tax season draws to a close, according to the head of the union representing IRS employees.

The IRS is requesting membership nominations for the Information Reporting Program Advisory Committee, a federal advisory committee that advises the service on tax administration issues.

Late last month, the Securities and Exchange Commission adopted final rules to facilitate smaller companies’ access to capital and provide investors with more investment choices.

Taxpayers who make cash contributions on or before April 15 to charities providing relief for the families of two slain New York police officers can receive an immediate tax benefit.

The consumer finance site WalletHub has released a new report ranking the states with the highest and lowest real estate and vehicle property taxes across the country.

Former UBS AG executive Hansruedi Schumacher pleaded guilty to conspiracy to defraud the U.S. as part of the government’s prosecution of financial industry officials who help Americans dodge taxes.

For the Internal Revenue Service to stay in business, it needs a youth bomb. More than half its employees are over 50 years old.

Some of our favorite recent tax fraud cases.

Tax preparers share their clients' strangest misconceptions

While New York County, also known as Manhattan, topped the list of counties in 2013 ranked by average wages and salaries with $96,941, the richest county in the country during filing year 2013 in terms of average adjusted gross income was Teton County, Wyo.

April is Financial Literacy Month and Fred Slater, CPA, and Ellen Minkow, CPA, of MS 1040 LLC in New York City are offering some special tax advice.