Practice Management

The Internal Revenue Service said Thursday its new Web-based system, IRS Direct Pay, has been used by more than 150,000 taxpayers so far.

Eide Bailly has expanded its offering into Washington with the addition of McDirmid, Mikkelsen & Secrest. The deal is expected to close on June 16.

The Internal Revenue Service’s Employee Plans Compliance Unit recently looked at whether employee benefit plan sponsors had completed all the necessary steps after filing a Form 5500-series return showing they had adopted a resolution to terminate the plan, and found that many did not.

The Internal Revenue Service said Thursday it will begin a one-year pilot program in June to help small businesses with retirement plans that owe penalties for not filing reporting documents.

WeiserMazars LLP has completed its merger with ICS Consulting Partners, a boutique internal audit, regulatory compliance and credit risk management consulting firm catering to the banking industry.

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

The Internal Revenue Service and the Free File Alliance, have signed a one-year extension of their partnership to makes free tax software available to taxpayers.

Organizations across the globe are losing an estimated 5 percent of their annual revenues to occupational fraud, according to a new report from the Association of Certified Fraud Examiners, with total losses estimated at about $3.5 trillion.

Credit Suisse AG, which pleaded guilty Monday to helping Americans evade taxes, has so far avoided identifying thousands of customers who cheated the Internal Revenue Service. Instead, it promised to point investigators in the right direction.

The recently released discussion draft of the Tax Reform Act of 2014 by the House Ways and Means Committee is intended to simplify the existing tax code, make it fairer to taxpayers and strengthen the U.S. economy by lowering tax rates.