Practice Management

Former President Bill Clinton stood alongside President Barack Obama at a news conference and endorsed Obama’s deal with congressional Republicans to extend the Bush-era tax cuts and unemployment benefits.

Senate Majority Leader Harry Reid, D-Nev., has introduced a bill to extend the Bush tax cuts and unemployment benefits.

Security for IRS employees is the top management challenge facing the Internal Revenue Service next year, according to a new government report.

IRS Commissioner Doug Shulman said the IRS may re-open its voluntary disclosure program, offering a partial amnesty to tax evaders who have been hiding money in foreign bank accounts.

House Democrats met Thursday and overwhelmingly voted to block the Bush tax cut extension compromise announced earlier in the week by President Obama and Republican congressional leaders.

President Obama’s announcement on Monday of a compromise agreement with the Republican leadership should bring some end-of-year certainty to the tax landscape, but questions remain.

Marcum LLP plans to merge its China practice with Bernstein & Pinchuk LLP, one of the largest middle-market PCAOB-reviewed auditors in China, to create Marcum Bernstein and Pinchuk LLP.

Payroll and benefits outsourcing provider Paychex Inc. has acquired online payroll processor SurePayroll for an undisclosed amount.

The controversial WikiLeaks cache of hundreds of thousands of documents from the U.S. State Department has been yielding many surprises, despite protestations to the contrary.

Edward S. Karl, vice president of taxation for the American Institute of CPAs, will host the U.S. Small Business Administration’s year-end tax-planning Web chat on Thursday.