Practice Management

The Internal Revenue Service could unearth as much as $1.3 billion in unpaid taxes, penalties and interest by making better use of currency report data to identify taxpayers with potentially unreported income, according to a new government report.

The Senate voted Monday evening on a competing pair of amendments to repeal the expanded 1099 information reporting requirements that were included in the health care reform bill, but failed for the second time this fall to roll back the controversial requirements.

Senate Finance Committee Chairman Max Baucus, D-Mont., introduced legislation Monday to continue for one year eligibility for federal unemployment insurance benefits for jobless workers.

The Internal Revenue Service has published revenue procedures setting forth the discount factors that property and casualty insurance companies can use for accidents and other types of claims this year.

The Internal Revenue Service has issued guidance to manufacturers and importers of branded prescription drugs on the annual fee imposed by the health care reform bill.

CPA and business advisory firm Hill Barth & King has merged in Fort Myers, Fla.-based Gilbert, Wallace, Stewart, Stramel & Sowers, P.A.

Cherry, Bekaert & Holland has expanded to Roanoke, Va., by combining with McLeod & Company.

I was always convinced that the quickest way to start an inflamed argument was to broach one of two topics: politics or religion.

President Obama described his negotiating position on the soon-to-expire Bush tax cuts during a visit to a Chrysler transmission plant in Indiana.

The Internal Revenue Service is increasing its oversight of taxpayers with foreign financial assets and collecting four times as much in penalties, according to a new government report.