Practice Management

The Treasury Inspector General for Tax Administration, J. Russell George, said bad data is to blame for the Internal Revenue Services' never-realized plan to close 68 Taxpayer Assistance Centers across the country.

The Internal Revenue Service is inviting individuals to help improve the nation's tax agency by applying to be members of the Taxpayer Advocacy Panel. The panel provides a forum for citizens from each state to make suggestions regarding IRS decision-making.

A complaint has been lodged with the Government Accountability Office that could again stall the Internal Revenue Service's plan to subcontract cases to private debt collection firms.

The Internal Revenue Service is considering a proposal to loosen the privacy standards of federal income tax returns. The change could allow accountants and other tax return preparers to sell information from individual returns to marketers and data brokers, according to published reports.

The Sage Group has a deal in place to acquire Norwegian software and accounting firm Visma for approximately $584 million.

Congress has begun to focus in on reforms for the nation's health care tax policy -- a move that could impact hundreds of billions of dollars a year in cherished tax breaks for individuals and employers.

The Internal Revenue Service has issued guidance describing 26 frivolous arguments that taxpayers should avoid when filing their returns.

CCH, a Wolters Kluwer business and a provider of tax and accounting law, software and services, bolstered its paperless workflow process with the acquisition of a pair of automation tools from Brandenton, Fla.-based DocuMatters.

CPA and business advisory firm Hill, Barth and King, has merged in Presque Isle Capital Management with its financial planning unit HBK Sorce Advisory LLC.

How well do you manage the client management process?It's a question I often ask clients I work with. While most firms pay attention to various aspects of the process, many firms fail to understand that it is an interrelated process, and hence fail to properly manage the entire process. I strongly believe that the ultimate success of your firm is determined by how well you manage the client management process.