Practice Management

The Obama administration is handing out $2.3 billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy projects to provide jobs across the U.S. after announcing a disappointing employment report for December.

On the heels of the IRS’s plan to begin regulating tax preparers, the Justice Department announced that it has filed six lawsuits this week to stop preparers charged with generating fraudulent income tax returns.

Sikich LLP has merged in two IT service consulting firms, Hal Weinberger Consulting and MAS Consulting, in the latest examples of the firm’s merger spree.

The Internal Revenue Service proposals for registration, testing and continuing education of tax preparers has won praise from most stakeholders.

JHI, a global network of independent accounting, business advisory, and financial consultancy firms, is now being managed by CMA Association Management, as of Jan. 4.

Florida accounting firm Kauffman, Rossin & Co. has brought on board the team from Ft. Lauderdale-based London Witte & Co.

A former Internal Revenue Service employee has pleaded guilty to one count of receiving a bribe.

A San Fernando tax preparer has pleaded guilty to charges that she filed false tax returns and stole her clients’ refund checks.

A UBS banking client who pleaded guilty to concealing $6.1 million in secret Swiss bank accounts has been sentenced to five years’ probation, even as the whistleblower who helped expose the UBS tax evasion scheme is set to begin a prison term Friday.

The Internal Revenue Service said new user fees now apply to exemption applications for tax-exempt organizations, ruling requests and other matters for 2010.