Practice Management

Taxpayers who are still recovering from the economic downturn will get at least some relief in 2013 by way of the mandatory upward inflation-adjustments called for under the tax code, according to CCH.

The Internal Revenue Service has proposed new regulations governing practice before the agency, including written tax advice and "covered opinions" by practitioners.

The U.S. Treasury Department said Friday that it has signed a bilateral agreement with the United Kingdom to implement information reporting and withholding tax provisions under the Foreign Account Tax Compliance Act, or FATCA, allowing the two governments to share information about taxpayers from the U.S. and U.K.

With more than 127 million personal information records exposed in 2011, identity theft has led to a flood of fraudulent tax filings, and tens of thousands of honest taxpayers are now subjected to delays in their legitimate refund claims, according to the Internal Revenue Service.

Epicor Software Corporation has agreed to acquire midmarket enterprise resource planning and management systems product maker Solarsoft Business Systems from Marlin Equity Partners.

Valuations LLC, a company that provides free and low-cost business valuations for business owners, has introduced ProValuation, Web-based software designed for accountants, business brokers, and financially sophisticated business owners that allows them to output detailed business appraisals in either PDF or Microsoft Word format

A pair of financial firms that were located in the same building in Bedford, Mass., have decided to merge.

Mitt Romney says he can lower income tax rates by 20 percent without costing the U.S. government revenue and without making the middle class carry a bigger share of the tax load.

Few criminal tax cases are defended successfully, with the government boasting a conviction rate of 94 percent. So when the IRS used information from three jailed former boiler room operators to go after Boca Raton CPA John Miller, it didn’t look good for Miller.

Fuoco Group is expanding from its Long Island base to Miami, combining with Dohan Salum + Company, a CPA firm serving the South Florida area.