Practice Management

The Internal Revenue Service is sending out free copies of its CD-ROM, the Small Business Resource Guide, to help small business owners comply with federal tax laws, and it's ready to ship them in bulk.

CFOs expect to make a priority of upgrading technology and business processes at their companies, according to a recent survey.

A federal judge sentenced a man to a year and a day in jail for flying an airplane without a license and failing to file federal income tax returns four years in a row.

The House Ways and Means Committee has passed a bill by a margin of 22 to 13 that would keep the Alternative Minimum Tax from spreading to more than 23 million families, which the full House is expected to debate this week.

The Internal Revenue Service has softened its opposition to contingent fees charged by Circular 230 practitioners. Originally, the IRS proposed permitting a contingent fee only in connection with an IRS examination or the challenge of an original return, or an amended return filed before a notice of examination was received.Under the final rules, a tax practitioner will be allowed to charge a contingent fee for services rendered in connection with the IRS examination of, or challenge to, an original return, or an amended return or claim for refund or credit where it was filed within 120 days of the taxpayer receiving a written notice of the examination, or a written challenge to the original return.

Leaders of the congressional tax-writing committees told the Internal Revenue Service that they planned to make imminent changes in the alternative minimum tax, and that the IRS should start producing accurate tax forms for the 2007 filing season.

Regional accounting firm Citrin Cooperman said it was expanding into Philadelphia and building its existing offices with the addition of other accounting firms and practices.

The Internal Revenue Service is looking to fill some vacancies on its Advisory Committee on Tax Exempt and Government Entities.

The House Ways and Means Committee began considering a bill that would give tax breaks to members of the military and their families, as well as volunteer firefighters and emergency workers.

No sooner was House Ways and Means Committee Chairman Charles Rangel's proposal for overhauling the alternative minimum tax released than it was pronounced "dead on arrival."