Practice Management

The Internal Revenue Service has released draft instructions for Form 8960, the Net Investment Income Tax that was mandated as part of the Affordable Care Act.

Senators Elizabeth Warren, D-Mass., and Tom Coburn, R-Okla., have introduced bipartisan legislation to increase transparency around settlements reached by federal enforcement agencies, including disclosures of any tax deductions and tax credits.

Infor has purchased cloud-based human capital management analysis product maker PeopleAnswers for an undisclosed sum.

Many years ago my boss, Bernard D. Kleinman, had a client that was a creative genius in the advertising industry, and was being courted by many other firms. He liked his job, position and respect and had no desire or thoughts of leaving. But, as a gentleman, he listened to whoever approached him.

The acquisition is part of the firm’s initiative to expand its Small Business practice.

Accounting and consulting firm Armanino has purchased Rose Business Solutions, effectively combining the Microsoft Dynamics consulting and reselling businesses.

The Affordable Care Act has opened up a host of questions for the taxpaying public, ramping up the usual levels of pre-tax season taxpayer confusion.

The tax and business advisory firm WTP Advisors is predicting that Congress will renew the expired Research and Experimentation Tax Credit as it has traditionally done over the years.

The newly added firm will operate under the Mowery & Schoenfeld name. Wolowicki & Associates has since relocated to Mowery & Schoenfeld's offices in Lincolnshire, Ill.

Kreinces Rollins & Shanker LLC has reached an agreement to acquire the tax practice of Robert A. Samsel LLC of Lodi, N.J.