Practice Management

The Internal Revenue Service plans to audit Harvard University and about 39 other colleges as part of an overall review of tax-exempt nonprofit organizations.

The Internal Revenue Service’s ability to detect fraudulent tax refund claims may have been weakened by a recent move to assign the task to a relatively inexperienced group of employees, according to a new report.

CPA and business advisory firm The Resnick Druckman Group has merged in New York-based practices, Sigmund Balaban & Co. and Gilbert, Wolff and Co., effective immediately.

The Internal Revenue Service needs to improve its telephone assistance level, as well as its taxpayer service and enforcement functions, according to a new report by the Government Accountability Office.

The Internal Revenue Service will be sending out newly redesigned, less confusing notices to taxpayers that aim to improve the way it corresponds with its core constituency.

Two former partners in the accounting firm Sturn Wagner Lombardo & Co., Andrew R. Lombardo and Matthew C. Wagner, are merging with J. Brian Stitcher, owner of the accounting firm SRM & Co., to form a new firm, Lombardo Wagner Stitcher and Co. LLC.

Internal Revenue Service Commissioner Doug Shulman has decided against coming up with rules on the taxation of employer-provided cell phones and said the IRS would instead wait for congressional legislation.

ACCOUNTING STAFF CUTBACKS SHOULD SLOW

Throughout 2009, those in the accounting professionneeded a scorecard to track the flurry of CPA firm mergers that occurred between the start of the year and the final refrain of "Auld Lange Syne."

Sometimes, being too quick to take advantage of a tax break from Congress can turn out to be a very bad thing.