Practice Management

A federal court in San Francisco has entered an order authorizing the Internal Revenue Service to serve a summons seeking information about U.S. taxpayers who may hold offshore accounts at Canadian Imperial Bank of Commerce FirstCaribbean International Bank, seeking records of FCIB’s U.S. correspondent account at Wells Fargo.

The Bonadio Group has bolstered its internal audit team with the acquisition of Independent Audit Associates, of Rutland, VT. The deal is expected to close on May 1, 2013.

A former Internal Revenue Service agent and manager has pleaded guilty to criminal conflict of interest charges and been convicted after admitting to opening her own tax and accounting business, which earned her $70,000 on the side while working for the IRS.

SAP global channel leader Kevin Gilroy explains how the combination of rapidly evolving technology and an emerging generation of users who embrace innovation are combining to create powerful change.

CPA2Biz, the technology subsidiary of the American Institute of CPAs, is adding social CRM provider Avectra to its Trusted Business Advisor Solutions program, with a focus on having the company become the preferred provider of constituent management services to CPA firm clients.

The IRS has released Notice 2013-30, formalizing a three-month extension for filing and paying taxes for those affected by the Boston Marathon bombings.

Elliott Davis has expanded its footprint in North Carolina with the addition of Lunsford & Strickland, PA.

A 79-year-old widow who pleaded guilty in the largest individual case since a U.S. crackdown on offshore tax evasion began received less than a minute of probation from a judge who scolded the prosecutors.

The House Ways and Means Committee held a hearing on tax reform and residential real estate, considering the effect of changing popular tax breaks like the mortgage interest deduction.

Nexus for state corporate income and sales and use taxes remains widely variable between states, according to the Bloomberg BNA 2013 Survey of State Tax Departments.