Practice Management

The Sports, Arts and Entertainment Group of St. Louis accounting and business consulting firm Anders Minkler & Diehl and Festus, Mo.-based Barnes Sports Group have officially merged after a year of working together as affiliated entities.

The IRS has completed its six-city swing through America, with forums staged in Orlando, Atlanta, San Diego, Las Vegas, Chicago and New York.

The owner of a Long Island tax preparation service was sentenced to serve one year and one day of imprisonment for preparing false federal tax returns for her clients.

The American Institute of CPAs has written to Internal Revenue Service Commissioner Doug Shulman outlining its concerns with what it sees as a “widespread problem affecting numerous taxpayers”: erroneous letters from the IRS to taxpayers filing foreign trust forms.

Connecticut accounting firm Guilmartin, DiPiro & Sokolowski has merged in the practice of Rick Morin & Associates, adding a new partner and expanding the firm’s tax capabilities in the Middletown, Conn., market.

Accounting & Consulting Group has acquired the Roswell, N.M.-based accounting firm Andrews Smith Lowery & Co. for an undisclosed sum, expanding its agricultural client base.

The Internal Revenue Service has stepped up its efforts to investigate possible misconduct in the municipal bond sector, more than doubling the number of examinations it conducts per year.

The Senate Finance Committee has released the legislative text of the tax extenders bill, spelling out the reasons for extending certain tax breaks or for letting them expire, along with dissenting views from a trio of senators.

Republicans are pitching their tax overhaul plan on the appeal of lower rates and a simpler system—and figuring that voters won’t mind the lack of details about the potential pain.

The Internal Revenue Service reminded truckers and other owners of heavy highway vehicles on Tuesday that their next federal highway use tax return is due in most cases this coming Friday, Aug. 31, 2012.