Practice Management

City council member and former Washington mayor Marion Barry is being investigated by the Internal Revenue Service and the U.S. Attorney's Office in Washington for failing to pay taxes, according to published reports.

Complying with the current federal tax code costs American taxpayers at least $100 billion annually, and lost economic efficiency associated with the tax system may top half a trillion dollars, auditors for the Government Accountability Office told Congress.

After a delay brought on by Hurricane Katrina, the President's Advisory Panel on Federal Tax Reform announced two October meetings and a deadline of Nov. 1 to issue its comprehensive report.

Deloitte Consulting, the consulting arm of the Big Four firm, has acquired Cresskill, N.J.-based Technology Consultants Inc., a provider of benchmarking and advisory services to the insurance industry.

RSM McGladrey announced that its $220 million acquisition of American Express Tax and Business Services is a done deal after receiving approval from the Department of Justice.

Taxpayers affected by Hurricanes Katrina and Rita now have until Feb. 28, 2006 to file tax returns and pay any taxes due, according to the Internal Revenue Service. Taxpayers affected by the hurricanes may be eligible for tax relief regardless of where they live.

Louisiana Gov. Kathleen Blanco asked lawmakers for help in rebuilding the state devastated by Hurricanes Katrina and Rita.

The Internal Revenue Service announced relief for taxpayers affected by Hurricane Rita, including many of the deadline reprieves and fee waivers enacted in the immediate aftermath of Hurricane Katrina.

After years of procedural delays, the trial between investment company Berkshire Hathway Inc. and the Internal Revenue Service has begun over the legality of tax deductions taken by the company in the late 1980s.

The Nelson A. Rockefeller Institute of Government issued a report detailing a 13.3 percent average increase in state tax revenues across the country.