Practice Management

The Internal Revenue Service has signed a $6.25 million contract with the SAS Institute to use the company’s analytical software to help it identify tax evasion and fraud as part of the agency’s Return Review Program.

CCH has given users of the Comtax system access to its World Tax Treaties information through CCH’s IntelliConnect research service.

Even though the deadline has passed for taxpayers with foreign bank accounts to voluntarily step forward and disclose them to the IRS, it still makes sense to do so.

Eide Bailly has acquired William D. Pyle & Associates, expanding the firm’s tax practice in Boulder, Colo.

Health care accounting and consulting firms Pershing Yoakley & Associates and GatesMoore said Thursday they plan to merge on January 1.

The American Institute of CPAs told the Internal Revenue Service at a hearing Thursday that it supports the agency’s overall goal of changing the U.S. tax system to one that matches tax return filings in real time with information returns from third parties.

Over half the financial professionals in a new survey said that tax increases should not be taken off the table in order for Washington to reach a deficit reduction agreement.

The Internal Revenue Service is preparing a legislative proposal for Congress to expand its tax levy authority to include additional income sources, such as rental income and non-employee compensation.

Nearly half of senior executives favor changing how corporate income earned outside the United States is taxed, according to a new survey, although many don’t expect much progress on the issue of corporate tax reform before the 2012 elections.

Sixty-eight of the most consistently profitable Fortune 500 companies paid no state corporate income tax in at least one of the last three years, and 20 of the companies averaged a tax rate of zero or less from 2008-2010.