Practice Management

Legislation to provide tax credits for small businesses that hire new workers has made progress in the Senate, with lawmakers voting 80 to 14 to advance the bill past a procedural hurdle Tuesday, but Senate Democrats blocked an attempt Wednesday by Republicans to add an amendment that would extend the Bush tax cuts for another year.

An eye-opening report sheds a harsh light on the growing trend of sales of property tax liens to unscrupulous profiteers, all too often forcing the elderly and impoverished out of their homes due to outstanding tax debts.

The top Senate tax writer predicted Democrats in the chamber will back President Barack Obama’s latest push to extend part of the Bush-era tax cuts, calling talk of Democratic dissension “background noise.”

A former Internal Revenue Service employee has been indicted and arrested for allegedly stealing a taxpayer’s identity.

Ernst & Young’s U.S. Transaction Advisory Services practice has acquired Jeffrey A. Parker & Associates Inc., a Philadelphia-based financial advisory firm that focuses on infrastructure.

Thomson Reuters said Tuesday that it plans to offer a number of tax and accounting reference handbooks for its Thomson Reuters ProView e-reader software.

Accounting and consulting firm MFR said Tuesday that it is merging R&M Global Advisors into its MFR Solutions consulting team, building the Houston-based firm’s international and Latin American reach.

Tascet has released technology that it said tax preparers can use to prevent multiple filings of tax returns by fraudsters.

The Internal Revenue Service is disputing a recent report that its agents have been told to ignore signs of fraudulent use of Individual Taxpayer Identification Numbers.

President Barack Obama pushed for a one-year extension of the current tax rates, but only for taxpayers making under $250,000 a year.