Practice Management

McGladrey & Pullen LLP announced that it has acquired Chicago-based CPA firm Altschuler, Melvoin and Glasser LLP.AM&G previously had an alternative practice structure with American Express Tax and Business Services, which was acquired by RSM McGladrey in October 2005.

In a new report to Congress, the Government Accountability Office takes a hard look at how the Internal Revenue Services manages its paperwork and customer service.

In a 25-page response NCAA president Myles Brand made an adamant case for his association’s tax-exempt status, following questions raised by the outgoing chairman of the House’s Committee on Ways and Means.Brand cited new NCAA penalties for poor team-wide academic performance and rising player graduation rates as evidence of the association's attention to education, adding that school spending on athletics -- including hikes in coaches' salaries -- are driven by a media and consumer market beyond the association’s control.

An average refund of $963 is waiting for 95,746 taxpayers whose refund checks have been returned to the Internal Revenue Service as undeliverable.

Beard Miller Co. LLP will sell its Financial Outsourcing Solutions practice to McKonly & Asbury LLP in a deal effective Jan. 1.

Thomson Tax & Accounting has joined the Strategic Partners Program of Financial Executives International.

New guidance from the Internal Revenue Service stresses the need for employers to track the amount of expense reimbursement allowances paid to employees on a per diem basis.

A partnership between Wolters Kluwer business CCH and consulting firm National Tax Credit Group LLC will allow the companies to offer online delivery of federal and state location-based incentive information.

Democratic leaders are already making promises that the future of the alternative minimum tax will be the focus of the debate over next year's budget, according to published reports.

The Government Accountability Office has given good marks to the Internal Revenue Service’s 2005 and 2006 financial statements, but said that the agency did have to overcome “serious internal control and financial management systems deficiencies.”