Practice Management

Payroll and benefits outsourcing concern Automatic Data Processing Inc. will spin off its massive brokerage-services unit, an arm that observers project would have a market cap of more than $3 billion.

Multinational businesses operating in the country could face stricter tax-compliance rules as a result of new rules proposed by the Internal Revenue Service and the Treasury Department.

Internal Revenue Service Commissioner Mark W. Everson has been elected chairman of the Forum on Tax Administration, a panel of national tax administrators that is part of the Paris-based Organization for Economic Cooperation and Development.

CCH, part of the Wolters Kluwer Tax, Accounting & Legal division, announced that it has signed an agreement to acquire the assets of ATX/Kleinrock. Financial terms of the deal were not disclosed.

The Sage Group has acquired approximately 51 percent of Elit Group, a French provider of business management software for the transport and food distribution industries.

Before adjourning for a five-week summer recess, the House pushed through a bill pairing a minimum wage increase with a GOP-led effort to extend cuts on estate taxes.

Tax professionals will help launch a new system allowing many individuals who owe delinquent federal taxes to apply online for a payment agreement, the Internal Revenue Service announced.

The Internal Revenue Service is examining as many as 40 companies -- investigating the appropriateness of deductions for backdated stock options, as well as the reporting of income by affected executives and the relevance of the laws governing Incentive Stock Options.

The Internal Revenue Service released formal guidance on its new tip reporting procedure, the Attributed Tip Income Program.

The Boeing Co. won't look to take a tax deduction on a $615 million settlement it paid to settle federal ethics charges.