Practice Management

Sen. Barack Obama, D-Ill., has proposed a tax credit for small businesses that offer health insurance to their employees.

Ford Motor Co. is suing the Internal Revenue Service, claiming the agency owes the automaker $445.3 million in interest on tax overpayments.

The Internal Revenue Service has begun issuing summonses as it investigates Colorado's program for conservation easement tax credits.

Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson expressed their support for the convergence of International Financial Reporting Standards with U.S. generally accepted accounting principles.

Katz, Sapper & Miller plans to merge in another Indianapolis accounting firm, Heaton and Eddie, to build its healthcare and employee benefits consulting capabilities.

Sen. Chuck Grassley, R-Iowa, ranking member of the Senate Finance Committee, provided an update this week on his correspondence with several media-based ministries about issues related to their tax-exempt status, indicating that some ministries have not been answering his questions.

The U.S. Court of Appeals for the Sixth Circuit issued an opinion in a tax dispute that found the U.S. Tax Court is not a court as defined by law.

A jury returned guilty verdicts against Joseph H. Smith, the former treasurer, CFO and legal secretary of the Catholic Diocese of Cleveland, on charges of conspiracy and filing false tax returns.

CCH began offering Global Daily Tax News on its CCH Tax Research Network, providing country-specific national and local tax and business news coverage to help users remain in compliance and support their tax planning.

The Senate Foreign Relations Committee held hearings on proposed tax treaties and protocols with Canada, Iceland and Bulgaria.