Tax practice

GOP lawmakers are questioning how senior citizen nonprofit concern AARP can bypass millions in tax levies despite the group's control over, and approval of, products sold by private firms.

The Internal Revenue Service is encouraging more taxpayers to take advantage of the "saver's credit."

Presidential candidate Mitt Romney indicated he might not release his income tax returns if he wins the Republican Party nomination.

The Internal Revenue Service plans to issue additional guidance on the temporary two-month extension of the payroll tax cut, including how a new “recapture” provision for high-income employees will be implemented.

The Internal Revenue Service has released a long-awaited set of temporary and proposed tangible property repair regulations that could have a significant impact on a wide array of industries.

Both the House and Senate passed a two-month extension of the payroll tax cut, unemployment benefits, and the “doc fix” for preserving the current Medicare reimbursement for physicians by unanimous consent on Friday morning, sending the measure to President Obama’s desk.

Bowing to pressure from fellow Republicans, a leading House Republican said Thursday he would introduce a bill Friday to extend the payroll tax cut and unemployment benefits for two months.

CCH has added a Library View to its IntelliConnect tax and accounting research service.

The Internal Revenue Service is offering some tips to help taxpayers lower their 2011 taxes before the calendar page changes to 2012.

President Obama and Senate Minority Leader Mitch McConnell, R-Ken., pressed House Republicans on Thursday to agree to a two-month extension of the payroll tax cut, even as Speaker of the House John Boehner, R-Ohio, insisted he was ready to negotiate.

Speaker of the House John Boehner, R-Ohio, has come under increasing pressure to pass a two-month extension of the payroll tax cut.

The Internal Revenue Service has published a revised tax guide to help taxpayers get the most out of various tax breaks.

House Republicans blocked the Senate’s two-month extension of the payroll tax cut and emergency unemployment benefits on Tuesday, setting up a confrontation between the two chambers.

The American Institute of CPAs has introduced a set of Interactive Tax Checklists to help practitioners prepare clients’ returns.

Paid tax return preparers will need to file a due diligence checklist with all claims for the Earned Income Tax Credit starting January 1, the Internal Revenue Service said Tuesday.

The Internal Revenue Service saved about $14.19 million by not mailing out tax form packages this year, but the elimination of the mailings increased the burden on approximately 6 million taxpayers who needed to obtain the forms themselves, according to a new government report.

The Internal Revenue Service has approved the National Association of State Boards of Accountancy and NASBA’s National Registry of CPE Sponsors as the first organizations to receive qualified accrediting status to provide continuing education as part of the IRS’s Registered Tax Return Preparer program.

The Internal Revenue Service has made several important changes to its determination letter program for employee retirement plans.

The Senate has passed a two-month extension of the payroll tax cut and unemployment benefits, but House Republican leaders and some Democrats balked at the short-term extension.

The Internal Revenue Service has published a Candidate Information Bulletin to help those preparing to take the Registered Tax Return Preparer Test know what to expect on test day.