Tax season

Tax preparation is a very serious undertaking that needs to be managed and continuously improved.

The annual battle of tax preparers is nasty, brutish, and short. TurboTax, which dominates online filing, and H&R Block Inc., with 10,000 U.S. locations, have three months to win over taxpayers before this year's April 18 deadline.

Tax season may not be the easiest time for preparers to develop new business, but it may be the best time, according to Chuck McCabe, president of Peoples Income Tax.

Millennials are more fearful of filing taxes than most Americans, according to a new survey.

The IRS urged tax professionals in an email Wednesday to verify their Electronic Filing Identification Number activity to safeguard against tax fraud.

The Internal Revenue Service has begun conducting on-site inspections of tax preparers who continue to have problems with verifying their clients’ eligibility for claiming the Earned Income Tax Credit, and warned that the penalty has increased.

While some farms may raise cattle, poultry or fish and others grow fruits or vegetables, all will report their farm income on Schedule F, Profit or Loss from Farming. If your clients own a farm or ranch, here are 10 tax tips from the IRS.

During a tax return preparation interview, getting a client’s information is a tremendous opportunity to find out the concerns of the client and how you can help.

Are CPAs really afraid to talk about fees with their clients? That’s what Tom Wheelwright, founder of the accounting firm ProVision, thinks.

A New York City CPA is launching a startup company this tax season that he hopes will become an “Uber for taxes.”

Many major tax changes go into effect this year for individual taxpayers.

For several years, researchers have been sending people into tax preparation offices to test the quality of the work. The results have been scary.

The Internal Revenue Service said Tuesday evening that it recently identified and halted an automated attack upon its Electronic Filing PIN application on IRS.gov.

Congress’s passage of legislation last December making many expired tax breaks permanent adds an extra measure of certainty for tax preparers helping their clients with tax planning this year.

I have always loved accounting and tax season, but I have worked with many people who did not.

The Internal Revenue Service still hasn’t said what caused some of its systems to shut down last Wednesday, but the agency’s processing functions—including e-filing—were restored by last Thursday evening.

Tax pros and their clients are putting themselves at risk, because e-mail is not secure.

The Internal Revenue Service said it resumed processing individual and business tax returns at approximately 5 p.m. Thursday following resolution of its system outage.

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

The Internal Revenue Service said Wednesday evening its tax-processing systems have suffered a hardware failure and that tax processing could be affected into Thursday.