Tax practice

The Court of Appeals for the District of Columbia Circuit has just handed the American Institute of CPAs a victory in its dispute with the Internal Revenue Service over tax preparer credentials.

Careful planning is a must to maximize the effect of deductible assets on a business return.

Though Donald Trump devotes an entire chapter of his just-published book “Crippled America” to his tax proposal, it remains difficult to see how it will have a detrimental effect on the Republican presidential candidate's bottom line—as he has often claimed while pitching the plan in speeches and media appearances.

President Obama signed into law on Monday a two-year budget deal that Congress approved last week to raise the debt limit and avert a default. To help pay for it, the bill includes a provision that will make it easier for the Internal Revenue Service to audit large partnerships, including hedge funds, private equity firms and even accounting firms.

Working out how to set fees and using value pricing or value billing can sometimes be daunting.

KPMG LLP has acquired all of G2 FinTech’s U.S. tax software and intellectual property, including G2’s main product, TaxGopher.

Some of our favorite recent tax fraud cases.

Every year, accountants and tax professionals brace themselves for the inevitable tax season.

Reducing the corporate tax rate to 25 to 30 percent would discourage profit shifting by multinationals, according to a new report from the Tax Foundation.

A number of presidential candidates have proposed their tax policies, several of which were fleshed out by Republican candidates during Wednesday night’s debate.

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

The Internal Revenue Service said Thursday that federal tax preparers will soon pay less for a preparer tax identification number, or PTIN, and reminded non-credentialed tax preparers of major upcoming changes regarding which preparers can represent clients in matters before the IRS, starting next year.

Rep. Sam Johnson, R-Texas, has been named acting chairman of the House Ways and Means Committee, the main tax-writing committee in Congress.

CPA.com, the American Institute of CPAs’ technology arm, has formed a strategic alliance with Vertex SMB to help CPA firms with sales tax compliance for their business clients.

SurePayroll has released the October edition of its Small Business Scorecard just in time for Halloween.

Crowe Horwath LLP has issued a year-end tax-planning guide with information on income tax deductions, investments, retirement and estate planning and tax rates, along with what to do about the uncertain state of the tax extenders legislation in Congress.

The Internal Revenue Service’s Information Reporting Program Advisory Committee issued its annual report for 2015, with numerous recommendations including changes in the IRS’s Taxpayer Identification Number Matching Program.

House Oversight and Government Reform Committee Chairman Jason Chaffetz, R-Utah, and 18 Republican members of his committee have introduced a resolution to begin proceedings in the House to impeach Internal Revenue Service Commissioner John Koskinen.

Your SMB clients face new risks and new exposure with international expansion

AccountantsWorld CEO Dr. Chandra Bhansali is warning about the tax season crunch that many accountants will be facing in a few months when their clients come in to not only do their taxes, but also close the books on their small businesses, while getting help complying with the Affordable Care Act.