Practice Management

While there were no real surprises in the State of the Union speech, it did flesh out some tax proposals that will be acted on in the days ahead, according to observers.

Swiss authorities said they would continue talks with the U.S. to resolve an impasse over the disclosure of secret bank accounts at UBS after a Swiss court blocked a deal reached by the two governments last year.

Waddell, Smith, Magoon & Freeman has merged with two local firms in the Atlanta area, Gruber & Co. and Pechter & Associates., expanding WSM&F’s client base and combined revenue by about 40 percent.

A former CPA whose license has been suspended by the Oregon Board of Accountancy has pleaded guilty to charges related to mortgage fraud.

A California man has pleaded guilty to conspiracy to defraud the U.S. after he was accused of filing at least 250 tax returns of deceased individuals.

A new report from BNA Tax & Accounting on transfer pricing predicts that tax authorities in different countries will continue to closely scrutinize intercompany transactions across national borders and will begin simultaneous audits of several large companies’ intercompany prices this year.

Financial Executives International has filed a “friend of the court” brief in support of a petition for review of the U.S. v. Textron case, involving the IRS’s right to examine the tax accrual work papers of a company.

A free guide for CPAs to sales and use tax has been released by sales tax technology provider SpeedTax.

President Obama is widely expected to call for a three-year spending freeze on key areas of his discretionary budget during the State of the Union address on Wednesday evening, but critics are already warning that now is not the time to cut spending just as the country is emerging from a recession.

The Internal Revenue Service is considering requiring some business taxpayers to report uncertain tax positions on their tax returns, according to Commissioner of Internal Revenue Douglas Shulman.