Practice Management

Administering the 2010 health-care law is just like municipal snow shoveling—a top priority that’s non-negotiable, John Koskinen, the commissioner of the U.S. Internal Revenue Service, said Wednesday.

The Senate Finance Committee voted to revive almost all of the 55 tax breaks that expired Dec. 31, providing benefits for wind energy, U.S.-based multinational corporations and motor sports track owners.

The Internal Revenue Service has released a new revenue ruling that offers simplified safe harbor due diligence procedures that a retirement plan administrator can use in order to be deemed to have reasonably concluded that an amount was a valid rollover contribution for an individual retirement account.

The IRS is requesting membership nominations for the Information Reporting Program Advisory Committee.

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

SilverSun Technologies announced that its wholly owned subsidiary SWK Technologies signed a letter of intent to acquire ESC Software, a reseller of Sage Software and Acumatica applications.

Gale Crosley of Crosley + Company discusses the practice areas and international opportunities that firms often overlook in trying to grow, in an interview with Accounting Today editor-in-chief Daniel Hood.

As most exempt organizations know all too well, preparing a Form 990 can be a time consuming and complicated process.

The Treasury Department and the Internal Revenue Service said Wednesday they will treat 19 countries that have reached agreements in substance with the U.S. on the Foreign Account Tax Compliance Act as having those agreements in effect, until the end of 2014, and they will also delay the registration deadline for foreign banks for 10 more days.

The Senate Finance Committee plans to hold a hearing next Tuesday to discuss how to protect taxpayers from incompetent and unethical tax return preparers.