Practice Management

The Internal Revenue Service plans to substantially change the regulations it proposed last fall for tax-exempt “social welfare” organizations and their political activities before moving ahead with a public hearing.

Enhanced Section 179 expensing allowances, along with dozens of other “temporary” tax provisions, expired at the end of last year.

A site that connects people to online accounting degree programs has created a new infographic on Taxes Around the World, including some strange taxes such as a tax on cow flatulence in Denmark and a tax break in Canada for makers of breakfast cereal who put toys inside the boxes.

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.