Practice Management

The Internal Revenue Service has issued final regulations related to postponement of certain tax-related deadlines due to either service in a combat zone or a federally declared disaster.

The House Appropriations Committee has proposed an economic stimulus bill containing $275 billion in tax cuts and $550 billion worth of spending on renewable energy, infrastructure, education and other projects.

President-elect Barack Obama reportedly plans to modify several of the tax break proposals that his transition team has been planning for the economic stimulus package after encountering resistance from key lawmakers.

Financial Executives International's Committee on Taxation has written to congressional leaders encouraging them to include more tax relief provisions for businesses in the economic stimulus package.

Rosen Seymour Shapss Martin & Co. has merged with another New York accounting firm, Miller Ellin & Co., expanding RSSM's ability to service its audit, tax and consulting clients.

The IRS could start taxing virtual environments like Second Life and World of Warcraft to get a cut of the real dollars that are spent on potions, armor and weapons in the online gaming world.

A new report by the Government Accountability Office on last tax-filing season suggests the Internal Revenue Service beef up its enforcement efforts while it processes returns.

A survey of over 1,000 U.S. adults found that most of them could not answer basic tax questions.

CCH has introduced an online service that promises to offer tax professionals a way to get faster access to client documents from the Internal Revenue Service.

In these tough economic times, as in others, there are many news items on companies declaring bankruptcies and announcing substantial staff cuts. What is different this time is that I am also reading about a number of cost-cutting strategies that are gaining in popularity and aimed at reducing expenses without disrupting business operations or laying off staff.