Practice Management

A pair of lawmakers have introduced a bipartisan bill in the House to end a 78-year-old tax provision that includes dividends from controlled foreign corporations in personal holding company income.

Effective end-of-year letters and other communication with tax prep clients are more than reminders that those clients should hire you to do 2012 returns.

Speaker of the House John Boehner, R-Ohio, said Tuesday that House Republicans would introduce a bill to raise tax rates for millionaires as a “Plan B” in case his negotiations with President Obama on averting the fiscal cliff fail to produce an agreement.

Top 100 Firm Sikich LLP added the public accounting and consulting firm, Hill & White LLC. The merger went into effect on December 1.

Marcum Search, a member of the Marcum Group of Companies, has acquired the North American offices of executive search firm Horton International LLC.

WeiserMazars LLP concludes its merger with Creative Health Concepts Inc.

Texas Attorney General Greg Abbott said the state is investigating a fraudulent tax return scheme and warned East Texas residents to avoid recruiters from Syam Tax Services LLC.

President Barack Obama lowered his tax revenue demand by $200 billion and offered to start tax rate increases at $400,000 in income instead of $250,000, moving closer to a budget deal with House Speaker John Boehner.

The Internal Revenue Service has published amended temporary Repair vs. Capitalization regulations to incorporate the changes announced in the recent Notice 2012-73.

The Internal Revenue Service said its Central Authorization File system, which helps power its Transcript Delivery Service and Disclosure Authorizations systems, will be unavailable from December 26 through January 2.