Practice Management

Less than a week to go before April 15, and it's almost time to take a well-deserved rest after a long tax season.

House Ways and Means Committee Chairman Charles Rangel, D-N.Y., has introduced a bill to help struggling homeowners with a refundable tax credit, even as a bipartisan Senate bill faced a threatened veto from the Bush administration.

Many clients of CPA firms are Boomers who will be retiring in increasing numbers over the next decade. What does that mean? Obviously that means firms will be looking to continue to retain many of those retirees as clients,and it will also mean there will be a need to find a steady supply of new clients.

The Internal Revenue Service has inadequate security controls over its routers and switches, jeopardizing sensitive taxpayer information, according to a report by the Treasury Department's inspector general.

The Senate passed an amendment to the compromise housing bill that will allow money-losing businesses to elect to use accumulated alternative minimum tax credits and research and development credits early.

The Internal Revenue Service has been getting an average of more than 50,000 extra phone calls per day as a result of questions about the economic stimulus payment, and has received 379,000 tax returns from individuals filing solely to receive the stimulus payment.

Value-added reseller Net@Work has acquired Integral Computer Services and Brian Shube Consulting, expanding its Sage Software enterprise resource planning, customer relationship management and accounting practices.

The Internal Revenue Service said it would open many of its offices for another Saturday to help taxpayers who don't normally file tax returns receive their economic stimulus payments.

Lisa Hrizco Blechman of Santa Clarita Valley, Calif., apologized at her sentencing hearing for trying to sick her two dogs on an IRS employee who taped a summons on her front door.

The Internal Revenue Service has issued final regulations for determining whether income is derived from sources within a U.S. possession or territory, and whether it is effectively connected with the conduct of a trade or business within a territory.