Practice Management

New online payment options, changes to the Offer in Compromise program, and the impact of the National Research Program are, among others, key issues for the tax practitioner community.

The provisions of the Pension Protection Act of 2006, enacted on Aug. 17, 2006, include a package of changes related to tax-exempt entities and charitable contributions. Many of the provisions were designed to tighten perceived abuses involving tax-exempt entities and deductions for charitable contributions. A few of the new provisions, however, liberalize the charitable giving rules.

Horne LLP, a Jackson Miss.-based CPA firm, announced its first growth outside the southeast, with the acquisition of the Tucson, Ariz.-based firm, Moran, Quick & Associates.

The Internal Revenue Service is seeking applications for vacancies on the Advisory Committee on Tax Exempt and Government Entities.

The Tax Policy Center has released a series of data tables taking a look at the effect of the major tax changes enacted since 2001.

Top 10 firm BKD LLP has acquired the Overland Park, Kan.-based practice of Mock & Dakan PC.Financial terms of the deal, which became effective Nov. 1, were not disclosed.

The Internal Revenue Service today issued the 2007 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Lancaster, Pa.-based Reinsel Kuntz Lesher LLP, announced that it will acquire Miller & Miller CPAs, a public accounting firm based in Lititz, Pa.

It took some time and an issue as seemingly innocuous as Katrina tax relief for the Internal Revenue Service to get dragged into a public relations skirmish this election season.The trouble start a couple of weeks ago, when Commissioner Mark Everson made an announcement that the IRS will postpone collection activities against taxpayers in the hardest-hit areas struck by Hurricane Katrina until 2007. That’s essentially buys those taxpayers a couple more months -- through the holidays -- after a one-year filing extension expired Oct. 16.

Garden City, N.Y.-based Janover Rubinroit LLC has reached an agreement to merge the Baldwin, N.Y.-based firm of Gilbert & Levy into its practice.