Tax practice

UBS Group AG is fighting a demand that it provide information on French clients to tax authorities, days after Paris prosecutors separately recommended the bank go on trial for helping French citizens evade taxes.

U.S. taxpayers who entered into an IRS program that made it easier to disclose their hidden offshore bank accounts may have thought they put their legal troubles behind them. Instead, prosecutors may try to put some of them in jail for not telling all.

A roundup of our favorite recent tax fraud cases.

In-home, private-duty senior care is one of the fastest-growing segments of the care industry. The high cost of facility-based care, coupled with the desire to enjoy the comfort and convenience of home, makes employing a caregiver an increasingly popular option for families.

The Internal Revenue Service and the U.S. Tax Court are seeing their caseloads pile up as taxpayers, interest groups, tax attorneys and Congress let loose with a volley of lawsuits and legal challenges.

A primer on the int’l tax issues your business clients may face

The Internal Revenue Service enjoys ample room for improvement on a number of issues, according to tax practitioners asked about the agency’s biggest challenges.

The IRS reports that it processed 134,387,120 returns from last season through May 26.

Check out the digital edition of the July 2016 issue of Accounting Today.

The Treasury Department and the Internal Revenue Service have finalized a rule requiring U.S. parent companies of large multinational public and private companies to provide financial data to the IRS on a country-by-country basis.

Former billionaire entrepreneur Samuel Wyly will have to move out of his $12 million Texas mansion unless he miraculously wins a "home run" appeal of a fraud case in Manhattan, a federal judge ruled.

The Internal Revenue Service needs to do a better job of assessing the performance of its Volunteer Tax Return Preparation Program, according to a new report, which nevertheless found the volunteer tax preparers completed mostly accurate tax returns this past tax season.

Luxembourg’s criminal court handed out suspended jail terms and fines to former PricewaterhouseCoopers staffers Antoine Deltour and Raphael Halet for their role in the so-called LuxLeaks scandal.

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

Give some people time and invariably they’ll want more.

Changes affecting qualified retirement plans

The Internal Revenue Service held a meeting Tuesday of its Security Summit members to discuss progress on combating identity theft-related tax refund fraud this past tax season along with plans for next year.

Oil-industry investor Morris Zukerman faces more than seven years in prison after pleading guilty to federal charges of evading more than $40 million in taxes.

The Internal Revenue Service needs to expand its use of data and develop a comprehensive strategy to address noncompliance by taxpayers claiming refundable tax credits such as the Earned Income Tax Credit, according to a new report.

On June 23, the UK population narrowly voted to end its 43-year membership in the European Union.