Practice Management

The Internal Revenue Service has introduced a new tool for determining a taxpayer’s eligibility for an offer in compromise that can help lower the taxpayer’s outstanding tax debts.

CPAs have long been sought after as Centers of Influence, or COIs, by members of the financial services profession for many years.

The Internal Revenue Service said Wednesday that it has observed problems with the filings for education tax credits that could be delaying processing of the tax returns.

This past week certainly had its share of vendor news, from executive hires to new or updated offerings, but none was more noteworthy than the Sage North America sell-off of three members of its product line

Last year, about $450 million belonging to top executives at billionaire hedge fund manager John Paulson’s New York firm took a quick round trip to Bermuda.

KPMG has signed an agreement to acquire the Hackett Group’s Oracle enterprise resource planning practice from the strategic advisory and business transformation consulting firm.

Victims of the severe storms, tornadoes and flooding that took place on February 10 in parts of Mississippi may qualify for tax relief.

President Obama appealed to Congress to balance tax reforms with spending cuts to avoid the painful automatic cuts imposed by the budget sequester deal.

Calibre CPA Group PLLC has merged Levinson Simon Hein & Bilkey PC into its practice. Financial terms of the deal were undisclosed.

The Internal Revenue Service said Tuesday that taxpayers need to report Roth individual retirement account conversions from 2010 on their returns this tax season.