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A Virginia doctor has pleaded guilty to conspiracy involving an undeclared Swiss bank account reportedly at HSBC, indicating that investigators are widening their probe of secret Swiss bank accounts beyond UBS.
February 17 -
Wells Fargo has teamed up with FP Transitions to introduce a program to help business owners in the Wells Fargo Advisors Financial Network to determine and monitor the value of their financial advisory practices.
February 16 -
U.S. taxation of international operations was named as the top business tax concern in 2010, according to a poll of senior tax executives at multinational companies and trade associations.
February 16 -
CPA firm Karlins & Ramey has expanded its profit division, now renamed Texas Profit Advisors.
February 16 -
As part of the IRS's continuing efforts to require greater disclosure of tax positions and strategies on returns, it recently released new, mandatory disclosure rules for grouping passive activities. Rev. Proc. 2010-13 for the first time mandates that passive-activity groupings and regrouping, as required under Code Sec. 469 regulations, be disclosed on the taxpayer's return.
February 15 -
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New York - Multinational accounting and advisory firm Mazars Group has been in talks with New York-based accounting firm Weiser LLP in a merger that would create the sixth largest accounting firm in the world.
February 15 -
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Preparing for your first tax season can be a challenging task. While most have the technical knowledge to do the work, they often lack the confidence that experience provides. To help those facing their first tax season, I sat down with Erich Holmes, senior accountant in the Tax Services Department at Rea & Associates in Medina, Ohio. Erich has four years of experience in public accounting and he focuses on providing income tax services for individuals, partnerships and corporations.
February 15