Practice Management

IRS Commissioner Douglas Shulman has been chosen as the new chairman of the Organization for Economic Cooperation and Development’s Forum on Tax Administration.

IRS Commissioner Douglas Shulman has been chosen as the new chairman of the Organization for Economic Cooperation and Development’s Forum on Tax Administration.

A federal court in Seattle has permanently barred a prison inmate from promoting a tax avoidance scheme that attracted over 44,000 customers and earned over $50 million.

A California man has agreed to plead guilty to a scheme to move over $1 million into secret Swiss bank accounts at UBS via a fake business the bank helped him set up in Hong Kong.

With trillion-dollar deficits, cap-and-trade and nationalized health care on the horizon, the issues involving the possible registering and licensing of tax preparers seem trivial. Yet the ability to fund the deficits and pay for a nationalized health care system ultimately depends on the ability of the federal government to collect tax.

In a decision that could have major implications for accountant work-product privileges, a federal appeals court has reversed a lower court decision and ordered aerospace and defense contractor Textron to hand over tax accrual work papers to the IRS as part of an investigation of tax shelters.

Accounting firm M&A specialist Allan Koltin predicts a “mega-merger” will take place within the profession before the end of the year.

Accounting firm Marcum LLP plans to merge with Margolis & Co., a 70-person CPA firm based in the Philadelphia area, expanding Marcum’s reach across the East Coast.

The Treasury and Energy Departments plan to give $2.3 billion in tax credits from the Recovery Act to manufacturers of clean energy equipment.

Accounting and consulting firm Sikich LLP has acquired Levi Littell Herbst & Co., a boutique M&A advisory firm that specializes in transactions under $100 million in value.