Practice Management

An IRS official repeatedly reassured an audience of tax preparers that the agency isn’t aiming to take away their livelihoods or weed out people when its new registration, testing, education and e-file requirements take effect next tax season.

The number of corporate returns processed annually by the Internal Revenue Service fell 7 percent between January 2005 and December 2009, from almost 2.2 million to approximately 2 million, according to a new government report.

IMGCAP(1)]It’s no secret that taxing jurisdictions across the country are suffering from the economic downturn, and are anxious to close the tax gap.

Sean Saari, a member of Skoda Minotti’s Business Valuation and Litigation Group, has received the 2010 Jeffrey R. Salins Report Writing Award from the National Association of Certified Valuation Analysts.

BKD has acquired Grant Thornton’s hospital and health care auditing practice in Wichita, Kansas.

Dan Rostenkowski, the former chairman of the tax-writing House Ways and Means Committee, has died at the age of 82.

In the midst of their August recess, House lawmakers returned to Capitol Hill to vote to approve legislation to provide $26 billion in aid to states to avoid teacher layoffs and Medicaid cuts, paid for in part by clamping down on foreign tax credits.

Thirty-one members of the House have signed a letter to Treasury Secretary Timothy F. Geithner urging changes in the Internal Revenue Service’s proposed plan to regulate paid income tax return preparers.

The partners and associates of Washington state-based Michael R. Bell & Company, PLLC, have joined Wipfli LLP, an international CPA firm headquartered in Milwaukee, effective August 1, expanding Wipfli’s health care consulting practice.

IMGCAP(1)]Today many businesses, including accounting firms, have a sobering problem when it comes to older partners.