Tax practice

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

With the average cost of a wedding soaring to $30,000, prospective brides and grooms—and their parents—have a lot more to worry about than simply planning the details of the day.

Figuring out how to pay taxes on gambling wins can be difficult for many tax clients, not to mention how to account for the losses.

The Internal Revenue Service is not using the available data to identify potentially erroneous claims for the Rehabilitation Credit, a tax incentive given to private sector developers for restoring and maintaining historic structures, according to a new report.

Donald Trump the real estate developer owes much of his fame to the 1980s. Now Donald Trump the presidential candidate is going back to that decade to call on President Ronald Reagan’s economic team.

When it comes to taxes, millionaires have short fuses. Ratchet up their rates and they'll blow you off and move to a low-tax, or no-tax, state.

Over the last few years one of the most dynamic portions of the tax code has been depreciation and capitalization regulations.

Many client relationships start with a consultation of some sort, but that may leave some tax professionals wondering whether they can charge for it.

The House Ways and Means Oversight Subcommittee held a hearing Wednesday on “protecting small businesses from IRS abuse,” a day after the House Judiciary Committee held a misconduct hearing in an effort to oust IRS Commissioner John Koskinen.

Sen. Ron Wyden, D-Ore., the ranking Democrat on the Senate Finance Committee, has introduced legislation that would require presidential nominees such as Donald Trump, the presumptive Republican nominee, to release their tax returns.

Agents working with the Treasury Inspector General for Tax Administration have arrested five individuals who impersonated Internal Revenue Service employees and demanded payment from taxpayers.

The IRS has put together its annual selection of advice for members of the military

Summer isn’t too far away, and many parents are wondering if they can afford to send their kids away to summer camp this year. The ability to take a tax deduction for such expenses could make all the difference.

Matching for-profit Sec. 183 rules with re-energized Boomers

A federal appeals court has reversed the Tax Court, handing a supermarket chain a victory in its attempt to deduct rewards that shoppers had earned but had not yet redeemed at the end of the year.

French police and prosecutors swooped on Google’s Paris offices on Tuesday, intensifying a tax-fraud probe amid accusations across Europe that the Internet giant fails to pay its fair share.

Morris Zukerman spent 16 years at Morgan Stanley, at various points overseeing its energy and merchant banking practices, before starting his own investment firm in the late 1980s. His firm’s partners have included ConocoPhillips, ExxonMobil and Kinder Morgan. He endowed a Harvard sociology professorship. He collected dozens of expensive paintings, including works he loaned to the Metropolitan Museum of Art. Along the way, he evaded more than $45 million in taxes, the U.S. now alleges.

A bipartisan group of senators from the Senate Finance Committee are asking the Treasury Department to intervene with European Commission officials who have been investigating special deals set up by U.S.-based multinationals with countries in the European Union allowing them to lower their taxes.

The Internal Revenue Service is reminding tax professionals to register for its 2016 IRS Nationwide Tax Forums, where they can earn up to 19 continuing professional education credits.

The American Institute of CPAs has asked the Internal Revenue Service and the Treasury Department for the IRS to set up a separate user fee category for private letter ruling requests for S corporations, which would result in lower fees for these requests.