Practice Management

Business must act quickly, but cautiously, in assessing whether to take advantage of the temporary relaxation of cancellation-of-debt-income (CODI) rules and applicable high-yield discount obligation (AHYDO) restrictions that are now operative, thanks to the 2009 Recovery Act.

CCH is offering free CPE sessions to tax and accounting professions to introduce them to its new IntelliConnect online tax research service.

President Barack Obama and Treasury Secretary Timothy Geithner outlined a series of moves aimed at closing corporate tax loopholes that encourage U.S. companies to shift income and jobs to other countries.

A 23-year-old Russian has been arrested for stealing about $105,000 in tax refunds after he set up a set of fraudulent Web sites that claimed to prepare taxes for free.

Last week, much of the media fawned over the president'sfirst 100 days in office to such a degree it's a wonder outlets such as the NewYork Times or MSNBC did not require its reporters to don drool bibs.

Sixty-one percent of senior financial executives believe their companies’ total effective state tax rate will increase, according to a survey by Grant Thornton.

CPA firm Dixon Hughes plans to integrate the practice of Presser, Lahnen & Edelman effective June 1, expanding the super-regional Southeast firm to the Jacksonville, Fla., area.

A Southern California couple has been indicted on charges of conspiracy to file false tax returns, mail fraud and identity theft after they were found to have filed for refunds of over $300,000 using stolen identities.

A record total of 90.6 million tax returns were filed electronically this year, with more than a third coming from home computers.

Both the House and Senate approved President Barack Obama’s $3.4 trillion spending plan on his 100th day in office, but largely along party lines.