Practice Management

A Washington think tank, the Center for Economic and Policy Research, has released a report recommending a tax on financial speculation as a way to help solve the federal government’s long-term budget deficits.

The Internal Revenue Service has provided a dispensation for tax preparers who have tried unsuccessfully to register for a Preparer Tax Identification Number so they can go ahead and prepare tax returns for compensation, even though they have not yet received a PTIN.

Senate Minority Leader Mitch McConnell, R-Ken., said he expects President Obama to call for lowering the corporate income tax rate during the president’s State of the Union address on Tuesday evening.

The Internal Revenue Service has selected 10 new members for its Information Reporting Program Advisory Committee and another 10 members and a chairman for its IRS Advisory Council.

The Internal Revenue Service has introduced IRS2Go, its first smartphone application that lets taxpayers check on the status of their tax refund and obtain helpful tax information.

Just to preface this upcoming viewpoint, I in no way am endorsing or have been funded by a particular product vendor, but there comes a time when you can sit on the sidelines only so long without stating the obvious.

A whistle-blowing former Swiss bank executive has handed over two CDs containing the names and account holdings of more than 2,000 high net worth American, European and Asian customers to WikiLeaks founder Julian Assange.

The Senate has introduced bipartisan legislation that would give law enforcement access to tax return information that could help them locate missing children.

Three Democratic Senators have written a letter to House Speaker John Boehner, R-Ohio, urging him to fix the 1099 reporting requirement in the health care reform law, and have pledged speedy action in the Senate if he does.

A troika of CPA executives, whose practices completed an aggregate of nearly 20 mergers during 2010, told attendees at this year’s Winning Is Everything conference here in Las Vegas that in order to craft a successful M&A strategy, a firm must have a unified vision and an internal champion to spearhead the program and never compromise its core values just to grow or add geography.