Practice Management

The Congressional Budget Office is seeing a $400 billion reduction in the federal government’s budget deficit for the current fiscal year, thanks to increased tax revenues due largely to the expiration of the payroll tax cut.

Awareness of the implications of the Foreign Account Tax Compliance Act, also known as FATCA, is growing.

John Koskinen, nominated to become the next Internal Revenue Service commissioner, has a net worth between $7.1 million and $27.4 million, according to a financial disclosure released by the Obama administration.

The Group of 20 world leaders issued a declaration last week calling for a crackdown on cross-border tax evasion.

The Tax & Accounting business of Thomson Reuters has acquired the continuing professional education and CPA test preparation division of Bisk Education, Inc., one of the largest providers of online education from American universities.

A new program allowing Swiss banks to cooperate with U.S. tax authorities means that the days of U.S. citizens successfully keeping their numbered Swiss bank accounts hidden from the prying eyes of the IRS could be coming to an end.

The leaders of Congress’s two tax-writing committees have continued their tax reform road show tour with a stop in Memphis, Tenn.

Rosen, Sapperstein & Friedlander has acquired the assets of Washington, DC-based Becker & Co., formerly known as the Maryland office of MargolisBecker LLC.

Top NetSuite partner ERP Guru has merged in EnabledSuccess Inc, another leading NetSuite VAR with offices in Canada and the U.S.

U.S. companies increased their mergers and acquisitions in emerging and high-growth markets in the first half of the year, but pulled back in other markets, according to a new study by KPMG International.