Tax practice

Blucora’s $580 million acquisition of HD Vest Financial Services promises to open up new opportunities for tax professionals who work with the brokerage.

The Internal Revenue Service’s plans to upgrade its workstations and servers to newer versions of Windows led to years-long delays, according to a new government report.

With states and localities increasingly looking to collect taxes from people and businesses that buy goods and services online, many taxpayers may not be aware that they could be overpaying sales and use taxes.

The Financial Accounting Standards Board’s 2007 standard on accounting for uncertainty in income taxes, FASB Interpretation No. 48, or FIN 48, has helped discourage companies from using tax reserves to manage their quarterly earnings reports, according to a new study.

The Internal Revenue Service has made progress on implementing the Foreign Account Tax Compliance Act, including explaining the various requirements to the affected stakeholders, according to a new report.

Argentinean soccer star Lionel Messi is facing the possibility of jail time after a Spanish judge turned down a request by prosecutors to drop the tax fraud charges against him.

At a rate of one or two a week, Swiss banks are doing what was once unthinkable: revealing to the world how they helped wealthy Americans cheat on their taxes.

A roundup of our favorite recent tax fraud cases.

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

While life insurance can be an income tax-free asset when structured appropriately, the income tax laws may result in the transfer of life insurance policies that are income taxable to both the transferor and the transferee.

Hillary Clinton is proposing a tax on the flash boys that may be unlike any in the world.

The Internal Revenue Service has revised and updated its publication on how businesses should protect taxpayer data.

The Internal Revenue Service has issued a consumer alert about possible fake charity scams emerging due to severe flooding this month in South Carolina and neighboring states.

The Internal Revenue Service has not been revoking the Preparer Tax Identification Numbers of thousands of tax preparers who fail to comply with IRS rules and their own tax-filing and payment obligations, according to a new report.

Bloomberg BNA has released an analysis of the state tax challenges associated with cloud computing.

Senior tax executives are preparing for changes in the tax landscape as a result of the Organization for Economic Co-operation and Development’s base erosion and profit shifting project.

The Internal Revenue Service said Thursday the number of tax returns electronically filed by businesses increased nearly 9 percent this year, continuing the growth in the number of corporate and partnership returns filed electronically.

Sen. Ron Wyden, D-Ore., the ranking member of the Senate Finance Committee, sent a letter to Treasury Secretary Jack Lew urging him to recover the tax benefits earned by Volkswagen for the cars it sold that turned out to have their emissions tests rigged, but without penalizing the taxpayers who had purchased the supposedly energy efficient vehicles and claimed tax credits for them.

Louisiana governor and Republican presidential candidate Bobby Jindal released a tax reform plan that would require all Americans to pay taxes.

The House Ways and Means Oversight Subcommittee held a hearing Wednesday examining the rising costs of higher education and tax policy, including how tax breaks could be a contributing factor behind spiraling tuition costs.