Practice Management

The Tax & Accounting business of Thomson Reuters is launching its first-ever series of federal tax eBooks, the first of which will be released on Friday.

President Obama held a news conference in which he sought to quell criticism from lawmakers from his own party of the deal he had struck with Republicans to preserve the Bush tax cuts even for upper-income earners for two more years.

The Internal Revenue Service has released proposed regulations that would reduce the application and renewal fees for enrolled agents and enrolled retirement plan agents from $125 to $30.

Lange & Associates, P.C., a Fort Worth public accounting and consulting firm, has acquired the practice of M. Dan King, CPA, also of Fort Worth, in a transaction effective November 1.

Cloud-based accounting software provider FinancialForce.com has agreed to acquire the PS Enterprise online professional services automation software owned by Appirio Inc., along with a small team behind it, and market the software to its customers.

Terrance “T.J.” Turner, director of income tax research at corporate income tax software developer Vertex, has been appointed to the IRS Electronic Tax Administration Advisory Committee.

Despite confusion created by recent and probable year-end tax legislation changes, the 2010 federal income tax environment is still quite favorable.

President Obama announced a deal Monday evening to extend the Bush-era tax rates for two years, as well as other tax breaks and unemployment benefits, after Republican and Democratic congressional leaders forged a compromise in meetings with administration officials.

Accounting firm Dixon Hughes has merged healthcare strategy consulting firm Charis Healthcare into its healthcare consulting practice.

The Internal Revenue Service is starting to tweet more than Ashton Kutcher, expanding the number of Twitter feeds it offers to taxpayers and the tax professional community.