Practice Management

The Internal Revenue Service announced regulatory revisions that the agency hopes will remove impediments to e-filing for corporations and shareholders."This is a win-win situation for businesses, shareholders and the IRS," said Commissioner Mark W. Everson. "Businesses and shareholders will be relieved of excessive reporting obligations that really no longer made sense, while the IRS will still receive the information it needs for compliance. As a bonus, a number of roadblocks to IRS e-file also will be removed."

Rothstein Kass CPAs has acquired the assets of San Francisco-based Stadtler, Rosenblum & Saris in a deal effective July 1.

The Internal Revenue Service will issue guidance clarifying the 20 percent penalty for executives divesting a deferred compensation arrangement.

At the beach earlier this week, my sister found herself on the receiving end of a delivery from a seagull -- much to her horror at the moment, and the amusement of everyone I've told the story to since.

Accounting firm Kreischer Miller, which serves clients in the greater Philadelphia region, has announced that it will merge with neighbor Hege Kramer Connell Murphy & Goldkamp PC in a deal effective July 1.

WebsterRogers LLP, a firm with six offices in South Carolina, has announced that it will merge in Charleston, S.C.-based Moïse & Associates PC as of July 1.

The Internal Revenue Service's headquarters in Washington will likely remain closed for at least the next 30 days due to flooding and electrical outages.

The Senate Finance Committee approved legislation that would empower the Internal Revenue Service to hit sex traffickers with major fines and lengthy prison sentences for failing to file employment paperwork and withhold taxes for the women and girls under their command.

Torrential rain in the Washington area has lead the Internal Revenue Service to close down its main offices through the rest of the week.

State tax revenues for all 50 states totaled $146.6 billion in the first quarter of 2006, up 6.8 percent from the same period in 2005, according to t he Nelson A. Rockefeller Institute of Government.