Practice Management

The Internal Revenue Service said Friday that farmers and ranchers who previously were forced to sell livestock due to drought conditions currently affecting much of the nation will now have an extended period of time in which to replace the livestock and defer tax on any gains from the forced sales.

After reopening operations on Oct. 17, the IRS said in an email to tax professionals Friday that its employees are reporting back to work, and the agency is assessing the impact of the 16-day shutdown on its national operations.

CCH has released a new tax briefing offering insights and analysis to assist tax practitioners and their clients with year-end tax planning.

There was lots of vendor and consultant news over the past week, but overall we want to know what’s up with all the funding going into cloud accounting software, and where exactly does Intuit factor in?

The majority of the U.S. government, including the U.S. Tax Court, shut down on October 1. Late this past Wednesday, Congress voted to reopen the government through January 15 of next year. Despite the shutdown, the statutory deadline of 90 days for filing a petition in the Tax Court cannot be extended. Yet during the shutdown, the Tax Court was not accepting hand delivery and very likely was not opening its mail.

O’Connor Davies LLP and Fazio, Mannuzza, Roche, Tankel, LaPilusa LLC have agreed to merge. The combination is set to go into effect Jan. 1, 2014 and will operate under the O’Connor Davies name.

The Internal Revenue Service has delayed the 2014 season for renewing Preparer Tax Identification Numbers because of the government shutdown that ended last night.

After the partisan passions and heated rhetoric, the disruptions of a government shutdown and displays of dysfunction, Congress did what it could have done weeks ago: voted to fund the government and lift the debt limit.

When it comes to tax disputes, there are three different forums in which to bring a lawsuit, and sometimes the choice makes a difference in the result.

Thomson Reuters’ WorldTrade Executive brand has released the latest edition of Global Transfer Pricing Solutions, a book that covers regulatory changes and provides analysis in the field of transfer pricing.