Practice Management

The Internal Revenue Service said Thursday it would stop its examinations of donors to tax-exempt 501(c)(4) political organizations asking whether they had paid gift taxes, after the agency came under pressure from Republican lawmakers.

President Obama took to Twitter for the White House’s first-ever Twitter Town Hall, answering questions from his “tweeps” about taxes, the economy and other subjects.

An entrepreneur has launched a new employee benefits service promising companies access to a network of CPAs who will offer prepaid tax preparation and year-round tax advice to their employees.

Skoda Minotti has acquired Cleveland marketing firm Hilty Moore & Associates, Inc. along with the company’s visual marketing division, BrandEyeD.

Condit and Associates LLC has joined GBQ Partners LLC, a large tax, accounting and consulting firm based in Columbus, Ohio.

The Internal Revenue Service said Wednesday that parents may be able to qualify for a tax credit to help defray the added expenses of summer day camp for their children.

President Barack Obama plans to meet with congressional leaders on Thursday to try to strike an agreement on raising the debt ceiling through a combination of spending cuts and revenue increases.

Armanino McKenna has expanded its QlikView practice by merging in Factory Information Management Solutions, a certified solutions provider of QlikView business intelligence technology.

The Internal Revenue Service said Tuesday that it has reached an agreement with the Millennium Multiple Employer Welfare Benefit Plan, which went bankrupt last year.

Sen. Jay Rockefeller, D-W.Va., offered 18 proposals to cut $1.29 trillion from the federal budget deficit over 10 years, including closing corporate tax loopholes and eliminating special tax breaks for wealthy Americans and big companies.