Practice Management

IRS DROPS ACORN

The Treasury Inspector General for Tax Administration has concluded that cost overruns and schedule delays with the Internal Revenue Service’s Business Systems Modernization Program have increased during 2009.

The Internal Revenue Service needs to better manage the collection notices it sends to individuals, according to a new report from the Government Accountability Office.

House Democrats unveiled their health care reform package after assembling the various components passed this summer by three separate committees.

The House overwhelmingly approved legislation to reform small business lending and spur job creation.

The Justice Department has filed seven lawsuits around the country to stop a massive tax refund fraud scheme based on claims of large tax withholding.

The Treasury Department’s Inspector General for Tax Administration said the Internal Revenue Service should increase the effectiveness of its contract oversight.

Arkansas accounting firms Frost PLLC and Ervin & Co. plan to combine forces.

Treasury Secretary Tim Geithner and Housing and Urban Development Secretary Shaun Donovan have called on Congress to extend the First-Time Homebuyers Tax Credit past its Dec. 1 expiration date, while putting in place strong anti-fraud measures.

The IRS’s Information Reporting Program Advisory Committee has released a report outlining recommendations on a wide range of tax administration issues, including creating new forms and instructions, and reporting of a customer’s basis in securities transactions.