Practice Management

A newly issued revenue procedure, Rev. Proc. 2005-28, makes it easier for some taxpayers to adopt a simpler method of allocating and apportioning interest expenses in determining their net U.S. and foreign-source income for foreign tax credit purposes.

H&R Block Inc. reported total tax prep and related fees through April 15 of $2.4 billion -- up 7.3 percent over last year.

The President's Advisory Panel on Federal Tax Reform will hold its eighth meeting this week, said the body's chairman and vice-chairman, senators Connie Mack and John Breaux.

In light of recent changes to the rules that guide practitoner conduct, the Internal Revenue Service will host a Webcast next week focusing on the agency's Office of Professional Responsibility and Circular 230.

Super-regional firm Plante & Moran has expanded its services and presence in the Chicagoland area with the addition of Wetmore & Associates, a boutique firm specializing in benefit plan audits.

The Internal Revenue Service is hosting a number of seminars for tax practitioners on the latest information on the agency's policies and programs.

The Internal Revenue Service is requesting membership nominations for the Information Reporting Program Advisory Committee, a body that provides recommendations to IRS leaders on information reporting and administration issues.

The Internal Revenue Service has selected seven new members for the Advisory Committee on Tax Exempt and Government Entities, a formal body of external stakeholders in the specialized areas of tax-exempt organizations, employee retirement plans, tax-exempt bonds, and federal, state, local and Indian tribal governments.

In a move to deepen its penetration into southwestern markets, middle-market software and consulting concern Enterprise Resource Group, headquartered here, has acquired Houston-based Burch Consultants.

IRS SOLICITS MEMBERS FOR ADVOCACY PANEL: The Internal Revenue Service is accepting applications for joining its Taxpayer Advocacy Panel.