Tax practice

Tax practitioners and their baby boomer clients are beginning to cope with a monumental financial and tax event—the onset of required minimum distributions from traditional IRAs and qualified plans.

The IRS Statistics of Income program has released data on taxpayers who hold IRAs, private foundations, tax-exempts and other categories.

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

The Organization for Economic Cooperation and Development, together with its Global Forum members, is intent upon providing transfer pricing tax risk assessment assistance to tax administrations.

Looking for a gift to give after all those June weddings? How about some solid tax advice for the newlyweds?

A torrent of money has started to flow from the IRAs and qualified plans used by over 77 million U.S. baby boomers to save for retirement.

Facebook Inc. officials failed to show up after getting seven summonses from the Internal Revenue Service demanding internal corporate records on one of its offshore tax strategies, according to an IRS court filing.

With the unauthorized publication of the “Panama Papers,” many clients and even some professionals question why companies with no active trade or business even exist.

The Financial Accounting Standards Board has proposed a new accounting standards update that would require public and private companies to change the way they report income taxes on their financial statements.

The New York State Department of Taxation and Finance is warning tax preparers about the potential security risks they face from cybercriminals who are trying to access the data of their tax clients.

Looking for a gift to give after all those June weddings? How about some solid tax advice for the newlyweds?

The Internal Revenue Service spent $10.71 million on guns, ammunition and other military-style equipment from fiscal year 2006 to FY 2014, according to a new report.

Accountants are really nice people who look for ways to help and better serve clients. Sometimes we present the appearance that we are doing something or are assuming a responsibility that we are not, and this should be avoided. Here are some illustrations:

An employee at a New Jersey tax prep business has pleaded guilty to helping prepare fraudulent tax returns using names and Social Security numbers stolen from two dozen people.

Summer is well underway, and now is a great time to help your clients and their dependents with the tax tips in this slideshow written by Michael Sonnenblick of Thomson Reuters Checkpoint.

A roundup of some our favorite recent cases of tax fraud.

There are some tax advantaged ways to help clients pay for expenses for their children this summer.

Comparing the leading professional tax preparation packages

He made his name in academia by criticizing a lucrative tax break for private-equity managers. Now Victor Fleischer is taking his anti-loophole thinking to Washington.

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