Practice Management

The bank that Jackson Hewitt Tax Service uses to process and administer its refund anticipation loans will not be in a position to originate RALs for the 2010 tax season, according to the company.

Accounting firm LarsonAllen is combining with the senior citizen services consultancy Third Age Consulting in the New Year.

Maryland accounting firms DeLeon & Stang, CPAs & Advisors, and Hull & Associates CPAs have merged.

Advisor Software has acquired Advisor Partners LLC, an asset management firm that specializes in creating comprehensive investment portfolios and managing client accounts on behalf of professional investment advisors.

H&R Block will be among the tax preparation businesses that will be taking advantage of a new IRS initiative aimed at helping taxpayers build their nest eggs by allocating a portion of their tax refund toward the purchase of U.S. savings bonds.

The Internal Revenue Service has extended its moratorium on collecting penalties on listed tax shelter transactions from small businesses after an influential senator threatened to block the nominations of key Treasury Department nominees.

Accounting firm Eisner LLP has introduced its 2010 Personal Tax Guide, which is available on the firm’s Web site and as a download to the Amazon Kindle e-reader.

In an unusual move, Sikich LLP has merged with Icon Digital Design & Illustration, a marketing and design company, and named two of Icon’s partners as partners in the accounting firm.

Senate Finance Committee ranking member Charles Grassley, R-Iowa, threatened to hold up the confirmation of all nominees to Treasury Department posts unless the Treasury and the IRS do more to ease tax penalties on small businesses.

Leaders of the Senate Finance Committee said they intend to work on passing legislation to extend expiring tax breaks early next year.