Practice Management

The Internal Revenue Service reported that its e-file program set another record this tax season, with more than 86 million individual tax returns filed so far this year, a 12 percent increase over last year at this time.

CPA firm Marcum & Kliegman is expanding from New York to New Jersey by merging with RosenfarbWinters, a specialist in forensic accounting.

The National Conference of CPA Practitioners held a quarterly meeting in Washington to meet with various senators and representatives as well as the Internal Revenue Service, and talk about tax policy.

The Internal Revenue Service's Spring 2008 Statistics of Income Bulletin is a bit of misnomer as it mainly covers income stats for 2006 and 2005, but the report does provide some interesting insights into income patterns and sources in recent years.

Under new regulations, taxpayers must consent to the disclosure or use of their tax information by return preparers. Stiff penalties can be imposed on the preparer who makes unauthorized disclosures.

The Senate has approved a bill offering more than $1.2 billion in tax relief to veterans and military families.

The Senate voted 82-13 to override President Bush's veto of the Farm Bill, which includes nearly $2 billion in tax relief.

Under new regulations, taxpayers must consent to the disclosure or use of their tax information by return preparers. Stiff penalties can be imposed on the preparer who makes unauthorized disclosures.

Accounting firm J.H. Cohn said it plans to combine practices with Good Swartz Brown & Berns, a firm based in Woodland Hills, Calif.

The Treasury Department said it plans to start sending out more tax rebate checks as soon as it finishes mailing checks for regular tax refunds.