Practice Management

U.S. TO PURSUE MORE OFFSHORE TAX EVADERS

The State of California, struggling with a $19 billion budget deficit, is considering legalizing and taxing marijuana in a referendum on the November ballot.

CPAs are increasingly being asked to solve the information technology problems of their clients and prospective clients, according to a new survey by the American Institute of CPAs.

The Swiss Parliament’s upper house voted Thursday in favor of Switzerland’s deal with the U.S. government to share the identities of 4,450 U.S. clients of UBS with numbered bank accounts.

Accounting firm Clifton Gunderson announced its latest merger Friday, with the St. Louis-based firm of Humes & Barrington, expanding its footprint to the Gateway City.

Both the American Institute of CPAs and the American Bar Association Tax Section have told the Internal Revenue Service it should withdraw its proposed rule that would require companies with more than $10 million in total assets to disclose uncertain tax positions on the new Schedule UTP, Uncertain Tax Position Statement.

The Internal Revenue Service has issued a private letter ruling recognizing California’s community property laws in regard to the tax treatment of registered domestic partners, potentially benefiting same-sex couples.

The Supreme Court unanimously reversed a federal appeals court decision in a case challenging Ohio’s taxation of independent marketers of natural gas, and said the case should be tried in state court.

RSM McGladrey and McGladrey & Pullen have adopted a new brand identity as simply “McGladrey” and are launching the new brand in conjunction with a PGA golf tournament sponsorship.

Sen. Charles Schumer, D-N.Y., wants to put a stop to U.S. companies that transfer customer service calls halfway around the world.