Practice Management

IRS ADJUSTS RULES ON HEALTH DEBIT CARDS

Recently issued guidance from the Internal Revenue Service provides answers to a number of questions on tax return preparer registration, and fills in some of the details left unaddressed by recent regulations.

Like others, we're watching the trumpeted "Blue Ribbon Panel" on accounting standards for private companies. Unlike others, our expectations are very low because we aren't confident this group understands what reforms are needed.

IMGCAP(1)]Because of challenging economic times and confusion in the audit review process, impairment testing has become a hot topic.

Jackson Hewitt Tax Service filed a lawsuit Monday against H&R Block claiming that Block is disseminating “false, misleading and highly disparaging advertising claims about Jackson Hewitt.”

The former CEO of Quellos Group and the head of its private clients group were sentenced in a federal court on charges connected with the offshore tax shelters set up by the former investment firm.

The Obama administration is expected to propose permanently eliminating capital gains taxes on some types of small business investments held for over five years.

The Internal Revenue Service has recently received an anonymous complaint challenging the tax-exempt status of the National Hot Rod Association.

California CPA Steve Green is accusing the Internal Revenue Service of “gross negligence” in the way it has responded to correspondence with him.

Flashpoint Marketing, a marketing and lead generation firm serving the accounting profession, said its principal, Brian Swanson, has obtained certification by the Search Engine Marketing Professionals Organization in search engine marketing.