Practice Management

The U.S. Tax Court denied a petition from a West Virginian welder to deduct the cost of the Rocky Wolverine boots, as well as other clothes and gloves, which he said he purchased specifically for his work during the 2002 tax year.

As part of the recently signed pension bill, the Treasury Department and Internal Revenue Service will have to better define what constitutes "good" condition for donations of clothing or household items.

The Employer Services Division of Automatic Data Processing Inc. announced that it will acquire Employease Inc., a leading provider of Web-based solutions and outsourcing options for human resources professionals.

The Internal Revenue Service has announced five director-level appointments in its Large and Mid-Size Business division, which serves corporations, subchapter S corporations and partnerships with assets greater than $10 million.

According to a new budget survey, while growing revenues should allow U.S. states to increase their 2006 revenue surpluses by nearly 25 percent, to about $57 billion, that figure will shrink in the upcoming fiscal year -- which began for most states on July 1. The conference said that by year's end, the aggregate surplus would be reduced by nearly 30 percent, shrinking to about $40 billion -- much of that drop due to the uncertainty of tax collections.

Cadence Design Systems Inc. said that it will protest the Internal Revenue Service's decision to seek $324 million in back taxes from the electronic design automation company.

Spokespeople for Senate Finance Committee Chairman Chuck Grassley, R-Iowa, are already saying that his take on an estate tax reform bill could be next on Congress's docket.

Net@Work, one of the largest Sage-only software resellers, announced that it has purchased Eagle Consulting Group, a top Sage Software MAS 90 and MAS 500 reseller in the tri-state area.

TEGRA Financial Partners, a subsidiary of Atlanta's Habif, Arogeti & Wynne LLP, announced that it has acquired pension-consulting firm Olson & Swenson Inc.

The Sage Group will acquire Tampa, Fla.-based Emdeon Practice Services Inc., which sells practice management software and patient data systems to doctors' offices.