Practice Management

The National Society of Accountants has written to Treasury Secretary Timothy Geithner and the Internal Revenue Service urging them not to agree to calls by the American Institute of CPAs to exempt non-signing preparers at CPA firms from the IRS’s new tax preparer registration requirements.

The Internal Revenue Service’s Criminal Investigation division is reportedly examining the books of the former Planned Parenthood Golden Gate, which lost its affiliation with the national Planned Parenthood last Friday amid questions about the group’s financial administration.

President Obama is scheduled to deliver a speech Wednesday in which he will reportedly propose a series of business tax cuts, along with new infrastructure spending.

The Internal Revenue Service has issued guidance on the purchases of over-the-counter medicines and drugs with flexible spending arrangements and health savings accounts next year in light of the changes in the health care reform bill.

A jury has entered a guilty verdict against a former BDO Seidman partner who advised a client on how to include false items on his joint income tax returns for three years in a row.

H&R Block is cutting costs and will be closing more offices before next tax season, allowing the company to reduce its continuing losses.

It’s been five years since former Senator Connie Mack, then chairman of the President’s Advisory Panel on Federal Tax Reform, said the panel would “take a fresh look at the existing Tax Code and will formulate options for making the tax system simple, fair and productive.”

The Treasury Department said it would launch a new pilot program next tax season for people without bank accounts, directly depositing their tax refunds in special accounts that they will be able to access with debit cards.

The IRS’s increased emphasis on enforcement, rising caseloads, the economy, and recent legislative changes are among the many challenges confronting the Taxpayer Advocate Service, according to a new report.

CCH has begun offering outsourced sales and use tax return preparation and filing services to corporate accounting and tax departments.