Practice Management

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.

Eisner LLP and Amper Politziner & Mattia LLP reportedly plan to merge, expanding the two firms’ presence across New York and New Jersey.

Financial information company Sageworks Inc. has released an enhancement to Sageworks Counselor (formerly ProfitCents), designed to enable accountants to better advise clients on the steps they can take to overcome their current challenges, position themselves for future growth, and obtain additional funding.

A Canadian citizen was sentenced to nearly three years in a U.S. federal prison after he tried to deposit a $350,000 U.S. federal tax refund in a Washington State bank.

Consumer taxes for retail sales items, gas and cigarettes have all continued to climb in the past year, according to an annual survey of consumption taxes by CCH.

A federal judge in Santa Ana, Calif., has permanently barred Thanh Viet Jeremy Cao and his business, Phoenix Financial Management Group, from preparing federal tax returns.