Practice Management

The Internal Revenue Service did not always follow the strict purchasing regulations required under the American Recovery and Reinvestment Act of 2009 when it spent the funds it received from the economic stimulus law, according to a new government report.

The Senate and the House’s tax-writing committees held a rare joint hearing on reforming the tax treatment of financial products such as derivatives.

PricewaterhouseCoopers has acquired the assets of portfolio optimization software provider Folio Technologies, effectively acquiring the company.

The Internal Revenue Service outlined the standards Tuesday for becoming an IRS-approved continuing education provider and accrediting organization.

The Internal Revenue Service has been doing a better job of auditing small corporations in recent years, according to a new government report, but potential quality concerns remain.

Senate Majority Leader Harry Reid, D-Nev., offered Monday to compromise on how to pay for the payroll tax cut extension in an effort to convince more Republican lawmakers to vote for the bill.

Online sales tax collections would help states manage their budget problems, but could impose heavy burdens on small online merchants, executives from Internet and brick-and-mortar businesses told a congressional committee.

A new report from the Organization for Economic Cooperation and Development finds the gap between rich and poor in OECD countries has reached its highest level in more than 30 years, and the traditionally redistributive effects of progressive income tax systems have become less effective since the mid-1990s.

The Internal Revenue Service has reportedly backed away from plans to heavily penalize U.S. citizens and dual citizens living in Canada who may not have paid all of their taxes.

Now that McGladrey & Pullen has completed its acquisition of RSM McGladrey from H&R Block, the reunified firm no longer needs to say that it operates in an alternative practice structure.