Practice Management

In a victory for accounting firm BDO Seidman, a federal appeals court judge reversed a district court decision and ruled in late June that a group of investors can't sue BDO Seidman over the sale of an illegal tax shelter, and instead must arbitrate their claim.

Immediatech Corp., the developer of GoFileRoom, a Web-based document management service for CPA firms, has had its GoFileRoom business acquired by the Thomson Corp.

Taxpayers and tax professionals who filed for an extension can use e-file to file their 2004 tax returns, according to the Internal Revenue Service.

The government's Base Realignment and Closure Commission voted unanimously on Tuesday to review a Pentagon plan to move thousands of Defense Department finance and accounting jobs.

New York-area firm Weiser LLP has merged in area CPA and business advisory firm Weiner, Dailey, Katz & Co., a Tarrytown, N.Y.-based practice that has forged a strong client niche in the auto industry. Terms were not disclosed.

The Internal Revenue Service has experienced declines in enforcement productivity in the past, according to the Government Accountability Office.

The White House midyear budget says that an increase in tax revenues, mostly coming from relatively wealthy taxpayers, along with a good stock market performance, will drop the deficit to $333 billion this year.

Corporate officers or authorized agents can now sign employment tax forms by facsimile, including alternative signature methods such as computer software programs or mechanical devices.

Fixing the controversial alternative minimum tax has been termed a priority for the President Bush's Tax Reform Panel, according to a key White House advisor.

* IRS CONTINUES CRACKDOWN ON FRIVOLOUS CASES: The Internal Revenue Service is reminding taxpayers that the agency isn't kidding around when it comes to frivolous cases aimed at delaying tax collections.