Practice Management

Consulting and accounting firm Fuoco Group LLP merged in the Florida accounting firm Donna Seidenberg PA on Tuesday.

The Internal Revenue Service needs to improve its procedures for processing cases involving taxpayers who fail to properly disclose reportable transactions, according to a new government report.

The Internal Revenue Service has been seriously pursuing reduction of the tax gap associated with unreported foreign assets and income for a few years now. The effort has included efforts to secure information from foreign banks, credit card issuers, tax return disclosure and voluntary disclosure by taxpayers.

If you ask 10 CPAs for their definition of business development, you may get 10 different responses.

SENATE COMMITTEE APPROVES TAX PATENT BAN

While efforts at tax reform seem to crop up at fairly regular intervals in Washington — and just as routinely fail to produce any results — the current effort under President Obama has generated enough optimism that some are already attempting to pick potential winners and losers.

IMGCAP(1)]Growing up on the Southwest side of Chicago in the 60s, the only artists I knew were guys with the names of Moo, The Chico and Little Big Jimmy. And the canvas they used for their works of art turned out to be a bus, the side of a building, garbage cans and garage doors.

Professional services firm LECG Corporation said Monday that it expects to sign an amendment to its credit agreement and to transition two expert practice groups to FTI Consulting Inc., as the financially troubled firm struggles to stay in business.

The Internal Revenue Service has begun conducting a survey examining the risks associated with electronic tax preparation and filing to gain information on taxpayer data protection practices.

Accounting firm McConnell Jones Lanier & Murphy has expanded its technology and telecommunications consulting services with the acquisition of Paladin Communications.