Practice Management

The Internal Revenue Service is cautioning taxpayers about restrictions on home mortgage interest deductions.

Eligible taxpayers who contracted to buy a home, qualifying for the First-Time Homebuyer Credit before the end of April, now have until Sept. 30, 2010 to close the deal, according to the Internal Revenue Service.

Accounting and consulting firm Condley and Company LLP’s Banking Services Group has debuted a new iPhone application and website.

IntelliConnect, the tax research system from CCH, has added many new features that enable researchers get to their answers faster and more effectively.

The House has passed legislation to extend unemployment benefits through the end of November.

The Internal Revenue Service is asking for public comments on how to most effectively carry out a law that will require businesses to report a wider range of payments to contractors, vendors and others, usually on Form 1099, starting in 2012.

The Senate failed to pass a bill on Wednesday night to extend unemployment benefits and the closing date for home purchases that could qualify for the Homebuyer Tax Credit, although it later managed to pass the Homebuyer Tax Credit closing date extension separately.

Accounting firm Meyers Norris Penny has acquired PricewaterhouseCoopers’ Personal Insolvency practices in 11 regions of Canada.

IMGCAP(1)]How many times have you placed an ad, sent out direct mail pieces, or delivered a newsletter without receiving your desired response?

The House passed the financial regulatory reform bill that emerged from a House-Senate conference committee by a 237-192 margin.