Practice management

The Internal Revenue Service is encouraging taxpayers with previously undeclared foreign bank accounts to enter into its Offshore Voluntary Disclosure Program, but there are now choices between a new streamlined version of the OVDP and the regular program that will require careful consideration and advice from practitioners.

The Internal Revenue Service is making changes in W-2 and 1099 forms and reporting requirements, starting next year.

The Internal Revenue Service announced the annual inflation adjustments for tax year 2015 for more than 40 tax provisions, including the tax rate schedules, and other tax changes.

New York’s banking regulator will ask for more than $300 million to settle an investigation into whether Bank Leumi Le-Israel BM helped Americans evade taxes, a person familiar with the matter said.

Governments around the world closed in on tax evaders with an automatic data-sharing accord that broadens efforts by the U.S. and the five biggest European Union economies to more than 50 countries and territories.

A former Internal Revenue Service employee received a prison sentence for leading a conspiracy to steal taxpayers’ identifying information in order to receive fraudulent tax refunds.

The Internal Revenue Service issued two items of guidance Wednesday in response to the need for charitable and other relief due to the Ebola outbreak in West Africa.

The National Conference of CPA Practitioners is warning that the complexities of the Affordable Care Act may negatively affect millions of taxpayers in the upcoming tax season.

An astute observer of human nature once stated, “People don’t care how much you know until they know how much you care.”

The Internal Revenue Service is not providing personal identity numbers to all taxpayers who are the victims of tax-related identity theft, according to a new government report.

KPMG LLP has created a new group within the firm known as KPMG Strategy to help business clients execute enterprise-wide transformation strategies.

A federal judge has dismissed a lawsuit against the Internal Revenue Service by the American Institute of CPAs over its new program offering voluntary education and testing of non-CPA tax preparers.

New York and New Jersey have the worst tax environments for businesses, according to a new index, while Wyoming and South Dakota have the best.

Intuit has enhanced its program for tax professionals, adding new benefits and opening it to enrolled agents.

Executives with Wolters Kluwer CCH described a series of improvements to their tax, accounting and auditing software products at the CCH Connections user conference in Orlando on Monday, including enhancements to leverage the power of Google and other popular search engines.

The Internal Revenue Service should improve the way it performs final testing of its computer systems prior to tax season to make sure they are working properly, according to a new government report.

A defense attorney at the tax-conspiracy trial of Raoul Weil, who once ran UBS AG’s global wealth-management business, sought to show that the government’s key witness resented his boss’s success.

Many real estate and venture capital partnerships and LLCs have investors that need their K-1 tax statements to file their individual returns. Depending upon the way they are managed, some never have their books up to date and ready for tax filing until late in the summer, while others are maintained monthly and are closed and ready for tax preparation the end of January or beginning of February.

Hal Hicks cleared his throat and addressed a roomful of peers in a midtown Manhattan auditorium. The topic: the tax-avoidance technique called inversion, in which a U.S. company claims a foreign legal address.

The best prepared accounting firms manage to be more productive and profitable, according to a new study by Wolters Kluwer CCH.