Practice Management

The IRS Advisory Council has released a report criticizing the IRS’s revised schedule for reporting uncertain tax positions and its plans to regulate non-signing tax preparers.

The Internal Revenue Service is looking to return $164.6 million in undelivered refund checks.

Democratic lawmakers in the House have introduced legislation to extend unemployment benefits for three months until the end of February.

The meeting on the Bush tax cuts between President Barack Obama and congressional leaders that was scheduled for Thursday has been postponed until Nov. 30 at the request of Republican congressional leaders, who cited “scheduling conflicts.”

Senate Finance Committee ranking member Charles Grassley, R-Iowa, has asked the Government Accountability Office to analyze who benefits from the federal Build America Bonds program, and the proportion of tax dollars that go to Wall Street banks for fees rather than for the infrastructure projects themselves.

The American Institute of CPAs has written to Congress urging lawmakers to repeal the controversial new 1099 information reporting requirements in the health care reform bill.

Internal Revenue Service Commissioner Doug Shulman said Tuesday the IRS has withdrawn its “John Doe” summonses against the Swiss bank UBS.

Charles Rangel, the former chairman of the tax-writing House Ways and Means Committee, abruptly departed a House ethics panel hearing on Monday, claiming that he could not afford to pay for legal counsel.

Lewis & Knopf CPAs has merged in Ann Arbor-based Shayna Accounting CPAs.

Citrin Cooperman has combined with two other accounting firms: Wlodinguer, Erk & Chanzis in New York, and Rose, Dratch & Gilbert in Springfield, N.J.