Practice Management

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.

A federal grand jury has returned an 11-count indictment charging four Salt Lake City residents with conspiring to conceal profits stemming from their mergers and acquisition business from the IRS and under-reporting or not reporting income over a span of approximately seven years.

A Firm 2.0 is one that utilizes Web 2.0 technology to create efficiency and improve productivity in all aspects of its operations.

Eleven defendants have been charged in a massive scheme to file fraudulent tax returns using the stolen identities of Puerto Rican residents in an attempt to collect more than $18 million in tax refunds.

CBIZ has acquired EAO Consultants, an employee benefits firm also known as Egan, Amato & O’Connor, expanding the accounting provider’s benefits-consulting expertise in the Northeast.