Practice Management

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.

Thomson Reuters has posted a new series of blog articles for users of its UltraTax CS software with advice on how they can take advantage of the software’s data mining features to help their clients navigate the possible tax law changes coming next year.

The Internal Revenue Service is making progress toward its goal of processing tax returns on a daily basis, according to a new report.

A Phoenix tax preparer has pleaded guilty to filing a tax return in which he falsely claimed expenses on behalf of a client.

As schools prepare to reconvene across the country, tax preparation chain Jackson Hewitt Tax Service is reminding taxpayers of a number of education-related tax credits and deductions.

Deltek Inc., a developer of software for enterprises, professional services firms and government contractors, will be sold to private equity firm Thoma Bravo for $1.1 billion, effectively making it a private company.

Regional accounting firm Eide Bailly plans to merge in Utah-based Schmitt, Griffiths, Smith & Co. on Nov. 1.

Edward D. Warren has joined Smith Elliott Kearns & Co. LLC as director of marketing.