Practice Management

Under pressure from Congress, the Internal Revenue Service has agreed to temporarily suspend until Sept. 30 its efforts to collect penalties for some listed tax shelter transactions.

UHY Advisors has acquired Step3 Consulting, a provider of performance improvement services for companies in various industries.

A new service, AccountingMatch.com, aims to hook up small-business owners with accounting professionals who can help them, along with providing information on accounting, tax, and small-business management issues.

A federal judge has permanently barred eight men — including two CPAs and five tax preparers — from promoting an alleged tax fraud scheme involving bogus income tax credits based on fictitious methane production at landfills.

The IRS recently issued a revenue procedure to help companies that don’t want to claim the 50 percent depreciation deduction on new property included in the stimulus bill.

Washington, D.C. — A new IRS revenue procedure offers reliance criteria for private foundations and sponsoring organizations that maintain donor-advised funds to use in determining whether a potential grantee qualifies as a public charity.

The IRS needs to create a plan to comprehensively evaluate the administration of civil tax penalties and their impact on voluntary compliance, recommended a new report from the Government Accountability Office.

H&R Block is stepping up its tax audit support services as the tax prep chain sees the IRS audit rate doubling.

The American Institute of CPAs is convening its first Leadership Academy this week with 28 CPAs under the age of 35.

In the classic 1935 Marx Brothers film, A Night at theOpera, Otis B. Driftwood is seen explaining the finer points of a contract inlegalese that the Italian, Fiorello, doesn't quite understand.