Tax practice

House Republicans won’t agree to fix Obamacare if the U.S. Supreme Court rules that the law bars health-insurance subsidies for millions of people, said House Ways and Means Committee Chairman Paul Ryan.

Last Friday, the IRS released Revenue Procedure 2015-20, which lessens the requirements for certain companies to file a Form 3115 while adopting the new repair regulations.

Sen. Rob Portman, R-Ohio, and Congressman Charles Boustany, R-La., have re-introduced a bill in Congress aimed at enabling Enrolled Agents to advertise their credential in more states.

7 things can learn during tax prep to build a stronger client relationship

The American Institute of CPAs sent a comment letter Friday to the Internal Revenue Service about two interpretive issues.

The Internal Revenue Service has issued a notice proposing some requirements for employee consents that can be used to support a claim for refund of employment taxes.

The Internal Revenue Service has issued a new revenue procedure that aims to make it easier for small business owners to comply with the final tangible property repair regulations.

The American Bar Association Section of Taxation has created a Tax Assistance Public Service endowment fund that will provide stable, long-term funding for the ABA’s tax-related public service programs for underserved taxpayers, including low-income people, military personnel and disaster victims.

The U.S. House of Representatives voted to revive a lapsed tax break for small businesses that encourages them to purchase equipment.

The House of Representatives voted to revive three U.S. tax breaks that encourage charitable giving in a bipartisan challenge to President Barack Obama’s threat to veto the measure.

Intuit Inc. Chief Executive Officer Brad Smith is facing one of the biggest challenges in his seven-year tenure: how to restore trust in his company after fraudulent tax returns were filed through its TurboTax program.

The Internal Revenue Service delivered a progress report Thursday on tax season so far, noting that it has issued 19.7 million refunds worth more than $66 billion, up slightly from last year’s totals.

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

Although many corporate tax and accounting departments are preparing for the March deadline, mistakes related to tax and accounting cost U.S. businesses billions each year.

Wolters Kluwer Tax & Accounting US (formerly known as CCH) has released a new report examining the tax implications of the White House’s recently released budget blueprint for fiscal year 2016.

Intuit Inc. Chief Executive Officer Brad Smith wrote to the Internal Revenue Service calling for the government to share information to help combat fraud, after states saw a rise in fraudulent returns being submitted via his company’s TurboTax tax software.

The IRS has warned that the coming three-day weekend typically kicks off one of the busiest weeks of the tax filing season for the service’s phone lines.

In 2015, a number of trends will shape how businesses prepare and file their taxes, as well as receive refunds. Many of these trends are driven by one major force— automation.

U.S. House members pressed the Internal Revenue Service to go easier on cash-dependent small businesses that are at risk of having assets seized by the tax agency.

The Internal Revenue Service’s Fresh Start Initiatives have helped thousands of struggling taxpayers resolve their outstanding tax liabilities, but tax revenue collection could be jeopardized by potential risks, according to a new report.