Practice management

Leaders of the Senate Finance Committee plan to markup long-awaited legislation to extend a long set of expired and soon-to-expire temporary tax breaks.

Compliance with, and capitalizing on, repair and MACRS regs

A roundup of tax news from the previous month.

Taxpayer satisfaction with personal interactions with the Internal Revenue Service remained high despite high-profile controversies in the past year.

Catch up on tax breaks we lost at the end of 2013

Four firms share their experiences with CRM systems

Whether they realize it or not, taxes ended up going up for most taxpayers last year, despite the extension of the Bush tax cuts at the beginning of last year.

House Ways and Means Committee chairman Dave Camp, R-Mich., has announced he will not seek reelection after his term ends this year.

When President Obama announced the myRA program during his State of the Union Address this year, it likely raised several questions among those in the accounting community: What is this new program? How will it work? How does it compare to the retirement benefits businesses already provide to their employees? What do I need to share with my clients about this?

Thomson Reuters has released a special report focusing on President Obama’s 2015 budget proposal, which includes tax proposals such as the expansion and permanent extension of the Earned Income Tax Credit and the Research Tax Credit, a number of new international tax proposals, and a renewed push for pairing infrastructure investments with business tax reform.

Transition Advisors president Joel Sinkin discusses how firms should handle succession planning when considering a merger, in an interview with Accounting Today editor-in-chief Daniel Hood.

Nearly half of Americans prepare their own taxes, according to a new survey, and most of them seem to be convinced they are taking advantage of all the tax breaks available.

The guidance issued by the Internal Revenue Service this week treating virtual currencies such as Bitcoin as property rather than currency for federal tax purposes may end up helping Bitcoin investors, even though it means Bitcoin users will need to be extra careful to report their transactions from now on.

The Internal Revenue Service is warning consumers to beware of a new email phishing scam in which fraudulent emails purport to come from the IRS Taxpayer Advocate Service, complete with a bogus case number.

Some of our favorite recent tax fraud cases.

Tax returns filed this season by tax professionals are down 1.3 percent so far compared to last year, while self-prepared returns are up 5.9 percent, according to the latest IRS statistics.

The Internal Revenue Service is permitting millions of dollars in potentially improper self-employed retirement plan deductions to be claimed, according to a new government report, which estimates that up to $71.4 million over five years could be saved with better controls.

State tax exam information requests are increasingly becoming more comprehensive and demanding.

A decade ago, few of us had heard of identity theft. Now, most of us know someone who has been a victim. And of course, a large portion of ID theft affects tax preparers and taxpayers directly, since tax refunds are a huge target of identity thieves.

With the April 15 tax day quickly approaching, a leading online tax preparer school is offering its own kind of relief in the form of student scholarships.