Practice Management

The Internal Revenue Service’s program for allowing “Son of Boss” tax shelter investors to settle their tax disputes often did not lead to greater taxpayer compliance, according to a new report.

The House included a taxpayer accountability amendment in the economic stimulus bill that provides protections to federal workers who expose waste, fraud and abuse, drawing praise from whistleblower advocacy groups.

Whether navigating your firm through the choppy waters of today’s unstable economy or mapping out both long- and short-term strategies, a trio of CEOs from CPA firms in both the U.S. and Canada agreed that communication with staff members and an understanding of the competition are among the more critical factors in driving a firm’s growth and evolution.

An inspirational keynote on teamwork from renowned motivational speaker Pat Williams, an update on M&A activity among CPA firms and the induction of Clifton Gunderson chief executive Carl George into the Advisory Board Hall of Fame highlighted the opening day for the 8th annual Winning Is Everything conference here.

Over 33 million callers could not reach the Internal Revenue Service’s toll-free assistance number last year to ask about economic stimulus payments, and the IRS could get swamped again this year with calls.

A Republican congressman has introduced a bill that would provide all U.S. taxpayers with immunity from IRS penalties and interest, but the main goal seems to be tweaking his Democratic colleagues.

The House has approved an $819 billion economic stimulus package despite unanimous Republican opposition.

Gilman Ciocia has acquired Weiss Advisory Group and Weiss Financial Services, expanding the firm’s presence in New York.

Former H&R Block Chairman and CEO Mark Ernst has taken a job with the Internal Revenue Service as deputy commissioner for operations support.

The Senate Finance Committee has approved approximately $522 billion in tax cuts, incentives and investments by a vote of 14-9.