Tax practice

Accounting firm Marcum LLP has released its annual Year-End Tax Guide for the national accounting and advisory firm’s clients and others.

U.S. companies that have already carried out inversions are likely to cost the government a record $2.2 billion or more in lost tax revenue next year, double the amount in 2014, according to calculations based on companies’ financial results.

President Barack Obama held out the prospect that the administration and congressional Republicans can reach a deal on revamping the corporate tax code and said he wanted to start discussions early next year.

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

U.S. lawmakers, about to pass a short-term deal to extend dozens of targeted tax breaks, know what they’re doing is bad policy. And they’re doing it anyway.

House Republicans are moving toward a vote this week on legislation to revive dozens of lapsed U.S. tax breaks and extend them only through the end of this year.

A Los Angeles tax attorney has received more than 6,500 pages from the Internal Revenue Service on the agency’s Offshore Voluntary Disclosure Program and how it trains its agents.

The New York State Department of Taxation and Finance has launched a continuing education program as part of the state’s efforts to regulate tax preparers.

The Internal Revenue Service needs to improve the security of the health care information submitted by health insurance providers and pharmaceutical makers and importers on information returns, according to a new government report.

The U.S. House of Representatives will probably vote this week to revive dozens of lapsed tax breaks and extend them only through the end of this year, said a Republican member of the Ways and Means Committee.

Tomorrow happens to be Giving Tuesday, a global day dedicated to giving back, and a pair of CPAs have some advice for those who are planning their end-of-year charitable giving.

A number of years ago we purchased a practice in late February to get the business clients. However, we had to agree to service the individual tax clients, of whom there were about 180, with each paying a very low fee. The seller did not want to hang up his long-time clients.

Two New York City income tax preparer siblings were sentenced for conspiracy to commit tax preparation fraud.

Tax benefits for individuals and small businesses that expired in 2013 could have an impact on as many as one in six taxpayers, according to a new analysis.

Tax strategies to take your clients into the New Year.

A roundup of recent tax news.

With year-end 2014 fast approaching, certain strategies to reduce 2014 tax liability still remain viable.

Tech-savvy practitioners will stand out during filing season.

The Internal Revenue Service is reminding individuals and businesses making year-end donations that several important tax law provisions have taken effect in recent years regarding gifting.

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