Practice Management

H&R Block reported that the total number of tax returns prepared as of April 15 fell by 667,000, or 3.1 percent, compared to last year, excluding economic stimulus filers, but Block still earned a record amount on fees.

The Internal Revenue Service has signed a tax-processing contract with a company that has admitted to having information on 1.5 million payment card holders and 1.1 million Social Security numbers stolen by computer hackers.

The Senate Finance Committee heard from a panel of experts about the pros and cons of skewing energy tax benefits toward one technology, such as wind power, at the expense of another.

The Tax & Accounting business of Thomson Reuters has started TaxWatch University, a tax staff-training program that combines the company’s AuditWatch University multi-level curriculum design with the in-depth taxation knowledge of the experts in the company’s PPC division.

David Kellermann, the acting chief financial officer of mortgage finance concern Freddie Mac, was found dead at his home of an apparent suicide.

A Utah attorney who hasn’t filed a tax return since the 1980s was fined $250,000 and sentenced to three years in prison for impeding the Internal Revenue Service.

Senate Finance Committee Chairman Max Baucus, D-Mont., praised President Obama’s picks for chief counsel of the Internal Revenue Service and assistant secretary for financial stability.

More than half of the business professionals polled during a recent Deloitte webcast said the level of transparency the Obama administration promises to attach to bailout spending is not possible.

Bernard Madoff’s accountant, David Friehling, is facing an extra month of uncertainty over his legal status after prosecutors filed a continuance with the court.

Sen. Charles Schumer, D-N.Y., along with the five New York City District Attorneys, has unveiled The Fighting Real Estate Fraud Act of 2009, a measure to help fight mortgage fraud scams across the country.