Practice Management

What full faith and credit? That’s the question many are asking as Congress is coming under increasing pressure to raise the debt ceiling yet again to avoid a possible default on the federal government’s credit obligations.

The Supreme Court has ruled unanimously in favor of the Internal Revenue Service, saying that medical residents are full-time employees who are subject to payroll taxes and don’t qualify for the student exemption.

Former IRS agent Ronald A. Bright pleaded guilty Tuesday to one count of assisting in the preparation of a fraudulent tax return.

Public accounting firm Morrison, Brown, Argiz & Farra LLC combined Tuesday with ERE LLP to create MBAF-ERE CPAs LLC, a division of MBAF.

The Internal Revenue Service has issued new rules for obtaining its consent for a change in the method of accounting.

The Internal Revenue Service said a series of forms will be disabled until mid- to late February with error codes.

The Internal Revenue Service does not verify that government contractors have paid federal taxes, despite a presidential directive last January that contractors with serious tax delinquencies not receive new work from federal agencies, and at least 20 contractors for the IRS owe a total of approximately $5.2 million in unpaid taxes, according to a new government report.

Dixon Hughes PLLC and Goodman & Co. LLP said Monday they plan to merge on March 1, creating the largest CPA firm based in the South and the 13th largest in the country.

Vanacore, DeBenedictus, DiGovanni & Weddell, a two-office, 10-partner CPA and business advisory firm, has merged in Lesnick and Paradie, a Tarrytown, N.Y-based practice.

The Florida firms of Gregory, Sharer & Stuart, P.A., and Hevia Beagles & Company, P.A., have combined forces.