Practice Management

The Internal Revenue Service is facing challenges keeping ahead of financial services companies that create sophisticated financial derivatives and offer them as a way to evade tax liabilities.

The Internal Revenue Service is gearing up to handle the complex tax provisions of the health care reform law and has made significant progress so far in planning for the law’s implementation, according to a new government report.

Lewis & Knopf CPAs, a regional accounting and business advisory firm based in Flint, Mich., has merged in Fenton, Mich.-based Leroy G. Johnson, CPA, effective October 19.

Dixon Hughes Goodman plans to merge in the accounting firm Swart Lalande & Associates in Fairfax, Va., effective November 1.

New information made public by the U.S. Federal Election Commission reveals that members of the accounting profession are opening their checkbooks early and often in an effort to help candidates in the 2012 Presidential elections.

An analysis of tax liens across the U.S. found that New York City, with some of the wealthiest neighborhoods in the nation, was the country’s leading area to be on the receiving end of federal tax liens.

Dallas-area CPA Calvin Brown, founder of CD Brown and Associates, a CPA and business advisory firm, has launched Small Biz Champ, an accounting franchise concept.

Across the U.S., there were 97 increases in state sales and use taxes, 96 new taxes and nine decreases in the third quarter of the year, according to a new report.

The IRS doesn’t make the laws, it just enforces them.

The Internal Revenue Service said Thursday that tax preparers can start renewing their Preparer Tax Identification Numbers for the 2012 tax-filing season.