Practice Management

The Congressional Budget Office has issued a report warning that the economy could slip into a recession unless policymakers decide what to do about the steep tax increases and spending cuts that are scheduled to take effect next year.

The Internal Revenue Service plans to shed more than 1 million square feet of office by closing 43 of its smaller offices and consolidating other offices.

Custom communications services developer R. R. Donnelley & Sons Co. has signed a definitive agreement to acquire Edgar Online, a financial data, analytics and disclosure management services provider, for approximately $70.5 million.

Two of the largest accounting firms in the U.S., J.H. Cohn LLP and Reznick Group P.C., said Tuesday they plan to merge in September.

Now that tax season is safely out of the way, it's a good time to examine how to make it better next year.

The Internal Revenue Service has taken some initial steps to implement the Foreign Account Tax Compliance Act, but it still has a long way to go, according to a new government report.

New York-based accounting firm Raich Ende Malter & Co. LLP has merged in the New Jersey-based firm Trien Rosenberg Weinberg Ciullo & Fazzari LLP, along with Trien’s New York-based affiliate Todman & Co., expanding Raich’s presence in the Mid-Atlantic region.

The Internal Revenue Service is offering more flexible terms in its Offer in Compromise program to help financially distressed taxpayers clear up their tax problems more quickly.

Senators Charles Schumer, D-N.Y., and Bob Casey, D-Pa., have unveiled a plan to respond to those like Facebook co-founder Eduardo Saverin, who recently moved to renounce his U.S. citizenship, allegedly to avoid taxes on the profits he is expected to collect from the social networking company’s initial public offering.

Ohio-based accounting firm Skoda Minotti has acquired information technology firm PBnJ Solutions, and added it to its Technology Partners services group.