Practice Management

The Internal Revenue Service has provided guidance on the federal tax consequences of payments made to homeowners under programs established for the hardest hit housing markets, along with the necessary information reporting requirements.

The Internal Revenue Service has given tax-exempt organizations that operate one or more hospital facilities three months’ extra time to file their 2010 Form 990, and said they should actually not file the form until July 1, 2011.

President Obama visited Cleveland to talk with small business leaders about their concerns.

A tax credit that is supposed to help poverty-stricken communities is instead being used to finance at least two luxury hotels, an antique car museum, a small theater in an upscale neighborhood, and other dubious projects, while lining the pockets of wealthy banks and investors.

Financial advisors and wealth managers cited referrals from existing clients as the most successful way of gaining new clients, while the most popular marketing tactic was sponsoring or hosting events that allow for face-to-face networking.

The Internal Revenue Service has granted transitional relief from the penalties imposed by recent information reporting requirements that apply to stock issuers when an organizational action affects the basis of the stock.

KPMG has acquired outsourcing advisory firm EquaTerra for an undisclosed sum.

The Senate approved a bill Thursday night that both modernizes the Federal Aviation Administration’s technology and includes a provision that repeals the health care reform bill’s expanded 1099 information reporting requirements.

Financially troubled consulting and tax services firm LECG revealed Friday it has received an acquisition offer for at least part of its business from FTI Consulting that could help rescue the firm from its financial straits.

Many of the millions of people with disabilities may be paying more in taxes than necessary, according to a disability insurance service provider.