This article reviews recent developments in three areas.
Public and management accountants in India will be busier than ever because the move is expected to bring a large portion of the population into a more institutional tax and banking system.
The IRS issued its roundup of the 12 biggest tax scams that taxpayers should watch out for this filing season.
The IRS announced that it will not reject tax returns just because a taxpayer has not indicated on the return whether the taxpayer had health insurance, was exempt, or made a shared-responsibility payment under Sec. 5000A.
The start of a new year allows clients to take a fresh look at their investment strategy.
The IRS announced that as of Sunday it has suspended the e-Services accounts of users who failed to verify their identities in accordance with letters sent out in December.
The goal of transparency is to establish and maintain the trust of the organization’s key stakeholders.
The IRS announced that it will soon post online the registration information of practitioners who have preparer tax identification numbers, and the information will be available without charge to the public.
Tax return preparers are discovering that some state income tax returns for 2016 require information from a taxpayer’s driver’s license or state-issued identification card information before the returns can be e-filed.
While taxpayers have no duty to correct an error or omission in a filed return, practitioners must inform them of the consequences.
Wealth planning with these often highly advantageous tools must be weighed against possible drawbacks of income tax accounting.
Landowner's experience qualifies his appraisal as competent even though he is not a professional.
Rules would clarify the types of arrangements that may be currently taxable even while payments are deferred.
The Service fails to prove that it never received the return.
Sovereign immunity protects the Service from its violation of an automatic bankruptcy stay.
Streamlined processing of installment agreements is more widely offered ... Security Summit introduces ‘trusted customer’ features .. IRS scraps COD 36-month nonpayment testing period
The latest ploy mimics an IRS request for e-services validation.
The IRS announces new Form 990-EZ with help icons to assist organizations with accurate filing.
U.S. companies holding earnings overseas in cash could be bringing it back in response to tax reform proposed by the new administration in Washington.
A taxpayer whose lawyer used print-at-home postage when mailing a Tax Court petition timely filed that petition, the Seventh Circuit Court of Appeals held, reversing and remanding the case to the Tax Court for consideration on the merits.