Practice Management

BNA has appointed Lisa Fitzpatrick as director of marketing for the company's tax and accounting product line.

A study by Grant Thornton found that only 843 U.S. corporations out of nearly 10,000 took advantage of a one-time dividend deduction that rewarded them for repatriating their foreign profits, giving them deductions totaling $265 billion.

Internet evangelist Bill Keller is challenging an Internal Revenue Service probe of his organization’s tax-exempt status.

The House passed a bill promising relief for another year from the spread of the alternative minimum tax, but the bill already faces opposition from the White House.

The House Ways and Means Select Revenue Measures Subcommittee held hearings on bills that would encourage employers to automatically enroll their employees in individual retirement account plans.

Vertex has acquired Levyti Consulting's Global Tax Office software and plans to market the product with its own global income tax and compliance systems.

REMINDER: Time to submit an entry for Practical Accountant’s Practice Innovation Award is running out. For application information, see the June issue of Practical Accountant. I don’t know about you, but I am getting tired of surveys. Especially those that promise you that filling it out will only take “a couple of minutes.” The last one that I filled out was for a major hotel chain conducted by a very, well-known company that conducts surveys nationwide.

The Internal Revenue Service is trying to cope with rising gas prices by increasing the optional standard mileage rates that taxpayers can use to calculate the deductible costs of operating an automobile.

LarsonAllen plans to merge in Schreiner, Legge & Co., at the beginning of July, marking LarsonAllen's second merger in two years in the D.C. area.

The Internal Revenue Service has waived some limitations of the low-income housing tax credit in Indiana and Iowa so that owners of facilities in these states can provide housing to victims of recent storms and flooding.