Practice Management

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.

The Internal Revenue Service released its 2010 inflation adjustments to the excise taxes on airport transportation, with at least some of them ascending.

The Internal Revenue Service is unable to verify taxpayer eligibility for the majority of the tax benefits and credits provided by the Recovery Act, according to a new report.

The Senate’s brand-new 10 percent tax on indoor tanning services is bound to lead to some further creative thinking about how to generate extra revenue to cover the costs of health care reform.

For at least the first few days of 2010, and probably longer, executors of the estates of people dying after Dec. 31, 2009, will be operating in a difficult environment after the Senate’s failure to extend the estate tax at its current rates.

A new report by the Treasury Department’s Inspector General for Tax Administration found that millions of people may have improperly received Individual Taxpayer Identification Numbers from the IRS that could be used to fraudulently claim tax refunds.

Accounting Today is in the midst of compiling its annual lists of the Top 100 Firms and Regional Leaders.

Sikich LLP has merged in the accounting, tax and business consulting practice of Frederick M. Marcus & Co., of Rockford, Ill.

The Senate overcame a key procedural hurdle early Monday morning on the arduous journey to approving health care reform legislation with a 1:00 am vote approving an amendment by Senate Majority Leader Harry Reid, D-Nev., that made changes to secure the 60 votes needed to end a filibuster.