Practice Management

Mergers and acquisitions activity among corporations appears to gaining momentum this year, according to a midyear report by PricewaterhouseCoopers, which foresees M&A activity accelerating in the second half of 2012.

The single-engine airplane that was flown by an enraged pilot into an Internal Revenue Service building in Austin, Texas, in February 2010 cost the agency $38.6 million, according to a new government report.

Rep. Sander Levin, D-Mich., the ranking Democratic member of the tax-writing House Ways and Means Committee, plans to introduce legislation that would require Presidential candidates to make public 10 years of tax returns and disclose any overseas accounts.

Skoda Minotti has merged in the Cleveland tax firm Gerald M. Appel, CPA, Inc., expanding the firm’s tax practice.

An IRS project to assess the services of tax return preparers by visiting them around the country has been correctly implemented, but its effectiveness remains to be determined, according to a new report.

The Internal Revenue provided information Tuesday on how the Foreign Account Tax Compliance Act will be administered.

A new report from Ernst & Young finds that allowing tax cuts to expire for upper-income taxpayers would cost the economy approximately 710,000 jobs.

A pair of influential lawmakers are asking the Internal Revenue Service to provide detailed information on its technology budget.

The American Institute of CPAs told the Internal Revenue Service that its proposed regulations for capitalization and deduction of tangible property expenditures are unnecessarily complex and burdensome.

Democratic lawmakers are trying to take a hard line with Republicans, threatening to let tax cuts expire at the end of the year rather than simply extend the Bush tax cuts for upper-income taxpayers.