Tax Strategies

The Internal Revenue Service's Electronic Crimes Program needs to have more controls in place, says a new report.

The New York State Society of CPAs plans to hold its 29th Annual New York CPA Business & Technology Show & Conference on May 14 and 15 at the New York Hilton Hotel, featuring Tracy Byrnes of Fox Business News and IRS Special Agent Mike Minto as speakers.

The Tax Court issued an unusually stern rebuke to the Internal Revenue Service in a case it decided last week involving a huge group of tax shelter defendants.

A memo from the Internal Revenue Service's Large and Mid-Sized Business Division introduces new LMSB Procedures for tax return preparer penalty cases.

Amper Politziner & Mattia has merged with Goldenberg Rosenthal to create one of the largest regional firms in the Northeast.

Three accounting firms based in Jackson, Miss., are combining with CPA firm BKD LLP.

With the current estate tax regime set to expire in 2010, it’s time to consider what comes next, say the nation’s tax experts.With that sunset date fast approaching, the Tax Division of the American Institute of CPAs has taken its comprehensive reform proposal and boiled it down to a top-seven priority list of suggested reforms that it urged Congress to pass prior to the expiration date.

The Treasury Department said it has sent out 7.708 million economic stimulus payments, or tax rebates, in the first week, totaling $7.091 billion.

Amazon.com has sued New York State over a new law that requires Internet businesses that receive referrals from other Web sites in the state to begin taxing purchases by New York customers.

2008 was to be the year that companies and their tax advisors worked to get their nonqualified deferred-compensation plans in order to comply with the new requirements under Code Section 409A and the regulations thereunder. Recent positions from the Internal Revenue Service are, however, expanding the focus of compensation concerns for 2008 beyond deferred compensation to include deductions for current performance-based compensation.BACKGROUND