Practice Management

Continuing on its merger tear throughout the Midwest, regional powerhouse CPA and business advisory firm Virchow Krause & Co. will merge with Oak Brook, Ill.-based William Gurrie & Co. Ltd.

The Taxpayer Advocacy Panel, a volunteer group that works to improve customer service and satisfaction at the Internal Revenue Service, has released its 2005 Annual Report.

As quickly as the idea was proposed, the prospect of $ 100 gas-rebate checks for taxpayers was taken off the Senate table.

LarsonAllen announced that Washington-based Langan Associates PC will join the firm's Public Service Group as of May 1.

Another federal regulator has publicly floated the idea of the government requiring the release of tax information from public companies.

Aspen developer George Gradow, who made his money in mobile homes, was sentenced to 15 months after pleading guilty to tax fraud and obstructing an Internal Revenue Service audit.

Crowe Chizek and Co. LLC announced that it has completed the combination of practices with Fort Lauderdale, Fla.-based Madsen Sapp Mena Rodriguez & Co. CPAs & Advisors, which was first announced in mid-March.

In a previous article, I wrote about the four types of intellectual capital within a firm. They are:1. Know-what - having knowledge about something;

DECISION TO CLOSE TACS BASED ON BAD INFO: The Treasury Inspector General for Tax Administration, J. Russell George, said that bad data is to blame for the Internal Revenue Service's never-realized plan to close 68 Taxpayer Assistance Centers across the country.Late last year, Congress stopped the IRS from reducing any taxpayer service functions or programs until TIGTA completed a study detailing the effect of the planned reductions on taxpayer compliance and assistance.

In an attempt to head off politicians' talk about taxing the recent high earnings of oil companies, President Bush said last week that the industry should be allowed to reinvest its profits into energy research.