Practice Management

A new study out of think tank the Center on Budget and Policy Priorities says that despite recent revenue growth and budget surpluses in some states, most states continue to feel the after-effects of a recession that hit in 2000.

The market for mergers and acquisitions is expected to remain strong into 2006, according to a new study released by the corporate financial advising arm of KPMG International.

Tax scam promoters John J. Rizzo and his wife, Carol, were sentenced to 43 months and 24 months in prison, respectively, for their roles in a tax evasion scheme, the Department of Justice and Internal Revenue Service announced.

The House of Representatives has already passed three tax cuts and had the details of a fourth nearly pinned down, cutting taxes by $94.5 billion over the next five years.

Fishbein & Co. PC has announced a merger with the corporate practice division of HJ Financial Group. The merger is expected to be completed in January 2006.

The Internal Revenue Service issued proposed guidance on the disclosure or use of tax return information by tax return preparers.

Enterprise software provider Epicor has acquired privately held CRS Retail Systems of Newburgh, N.Y., in an all-cash transaction valued at roughly $121 million.

Reports from inside the White House are that President Bush's administration may wait until 2007 to begin pushing a proposal to overhaul the tax code.

After checking with the state's attorney general, a Texas nepotism law will prevent the Kerr County tax assessor/collector, Paula Rector, from marrying one of the district's tax appraisers.

The Internal Revenue Service issued its 2006 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.