Practice Management

MaloneBailey has merged in local firm John M. Thomas PC, building its presence in the Houston area.

A top Internal Revenue Service official outlined the agency’s plans for tax preparer registration and testing at the National Society of Accountants’ board of directors meeting.

A Florida prison inmate who allegedly ran a scheme to defraud the Internal Revenue Service of approximately $115,000 in tax refunds has pleaded guilty.

House Financial Services Committee Chairman Barney Frank, D-Mass., said he anticipates an exemption for small and midsized public companies from Sarbanes-Oxley Section 404(b) requirements for independent audits of their internal controls to remain in the final version of the financial regulatory reform bill.

The health care reform bill included a provision for extra information reporting that could mean many businesses will need to file hundreds more 1099 types of forms to help the government close the tax gap.

Extending the 2001 and 2003 federal income tax cuts would sharply increase the national debt, even if the extensions were limited to individuals earning below $200,000, according to a new report by the Pew Economic Policy Group.

The Supreme Court declined to hear Textron’s appeal in a key tax case, letting stand a lower court decision that allows the Internal Revenue Service to demand legal and tax work papers from companies.

The bipartisan leaders of the Senate Finance Committee have introduced legislation to create job opportunities for veterans returning home from war by providing tax credits for businesses that hire them.

The Internal Revenue Service has left the 2011 inflation-adjusted amounts for health savings accounts unchanged from 2010, citing the Consumer Price Index.

The Internal Revenue Service needs to screen and monitor electronic filing providers more carefully, according to a new government report.