Practice Management

The Internal Revenue Service is offering guidance on mortgage principal reductions in the federal government’s program for mortgage modifications for borrowers who have fallen behind on their payments.

Sage North America and NetSuite partner SWK Technologies has acquired the Sage business partner accounts of Dallas-based Point Solutions, retaining several personnel and approximately 20 accounts.

The Internal Revenue Service said it will appeal a court’s ruling that it lacks the power to license tax preparers, a decision that might affect as many as 700,000 people who work on clients’ returns.

Four states have signed up for a new system aimed at combating the growing problem of identity theft-related tax fraud.

Mergers and acquisitions are expected to increase in 2013, according to a new survey, with 76 percent of the more than 300 M&A professionals in the U.S. who were polled anticipating that their company will make at least one acquisition in 2013.

The majority of small businesses want a long-term solution to the debt ceiling so the U.S. can pay its bills and the issue does not repeatedly come up for votes in Congress, according to a new survey.

The Internal Revenue Service is asking for input on the acceptable standards it should put in place for electronic signatures.

The Internal Revenue Service provided advice to taxpayers Wednesday on dealing with the late opening of tax season on January 30 that could also prove helpful to tax preparers.

Unfortunately, recent events make fundamental tax reform, already a heavy lift, much less likely.

While Section 179D of the Tax Code expires at the end of 2013, opportunities exist in two areas: accelerating future projects into 2013 and reviewing projects dating back to Jan. 1, 2006 that resulted in energy savings.