Practice Management

The Internal Revenue Service issued proposed regulations on Thursday to significantly increase the number of electronic transactions between taxpayers and the federal government.

Thomson Reuters has acquired TaxSimple, one of the last independent software companies in the tax software market.

The Internal Revenue Service said Thursday that its new online application system for compensated tax return preparers is expected to go live in mid-September, and that the fee will total $64.25 to receive a Preparer Tax Identification Number.

Tax and accounting firm Davis & Bellomo has acquired the accounting practice of Gordon Gilpin, CPA, of Leawood, Kan.

IMGCAP(1)]Information security gurus and marketing professionals are often at odds with each other in the business realm.

The Internal Revenue Service has released an updated Form 720, the Quarterly Federal Excise Tax Return, to reflect the new 10 percent excise tax on indoor tanning salons in the health care reform bill.

Congresswoman Shelley Berkley, D-Nev., has introduced legislation that would provide additional assistance for workers who have exhausted their unemployment insurance and are living in states like Nevada with elevated unemployment rates.

A federal appeals court has ruled against New York City in its bid to collect about $47 million in property taxes from two foreign governments that have been using parts of their United Nations missions for non-diplomatic purposes.

Sen. Bill Nelson, D-Fla., has proposed a set of tax breaks to encourage investment in the commercial space industry as a way to cushion the blow from recent cutbacks in the space program.

A former manager at Jackson Hewitt has admitted to falsifying more than 52 tax returns.