Practice Management

House Minority Leader Nancy Pelosi, D-Calif., said she would try to use a procedure known as a discharge petition to bring a Senate-passed bill for extending the middle-class tax cuts to the floor of the House.

Four trends to put the 'service' back in professional services

Large whistleblower awards have been making headlines lately. News of a record $108 million award paid out by the Internal Revenue Service in September, followed by media coverage of $38 million and $2 million awards only weeks later, seem almost more akin to reports on lottery jackpots than informant compensation.

Highlights of firm mergers & acquisitions from the previous month

Accounting firms shouldn't think that there isn't a cost to a merger that doesn't happen

Many tax practitioners focus on improving their efficiency during tax season, but there are plenty of things they can do in advance to ensure success from January to April, according to 2020 Group chairman and CEO Chris Frederiksen.

The Internal Revenue Service has released its annual update identifying the circumstances under which the disclosure on a taxpayer's income tax return with respect to an item or a position is adequate for the purposes of reducing the understatement of income tax and avoiding the tax return preparer penalty.

With the alternative minimum tax still unpatched for this year and estimated to spread to an additional 28 million households next tax season unless Congress acts to avert the fiscal cliff, newly released statistics from the Internal Revenue Service reveal that even the patched AMT hit millions more households in 2010 than in 2009.

The Internal Revenue Service and the Treasury Department have released their 2012-2013 priority guidance plan outlining 317 projects that they plan to prioritize from July 2012 to June 2013 in providing guidance and regulations to tax practitioners.

Eide Bailly LLP has acquired the Littleton, Colo.-based boutique tax firm Clark & Srsich LLC. The firm’s newest addition will provide services from the firm’s Golden, Colo., office.