Practice Management

They’re back and ready to dole out hundreds of billions of dollars in new tax cuts and spending, but will it be enough to restart the limping economy?

National Taxpayer Advocate Nina Olson said in her annual report to Congress that taxpayers affected by the recession should be treated more compassionately by the IRS.

President-elect Barack Obama and his transition team reportedly plan to propose approximately $300 billion in tax cuts as part of an overall economic stimulus package.

The Internal Revenue Service has added four new tax experts to its IRS Advisory Council who will provide the agency with outside input on tax administration issues.

The Internal Revenue Service has issued new regulations on cost-sharing arrangements for multinational companies that provide some extra flexibility in transfer pricing schemes.

Kahn, Litwin, Renza & Co., has merged in Sullivan Shuman & Freedberg, allowing KLR to build its presence in the Greater Boston area.

Accounting firm Holtz Rubenstein Reminick plans to hold a town hall-style meeting for New York-based individuals or businesses that were defrauded by Bernard Madoff's investment scam.

The Internal Revenue Service has set Monday, Jan. 5, as the deadline for victims of Hurricanes Gustav and Ike to qualify for tax relief.

Accounting firm Goldstein Lieberman has introduced a consulting team to help business clients cope with the recession.

Accounting firm consolidator cbiz has agreed to acquire Mahoney Cohen, a New York-based CPA and business advisory firm, in an acquisition that is expected to contribute about $55 million in annual revenue.Terms were not disclosed. At press time, the deal was scheduled to close Dec. 31.