Practice Management

The House passed legislation this week enabling veterans who were injured in combat to recover any income taxes improperly collected by the Department of Defense on their disability severance payments.

Ohio Supreme Court votes to uphold Ohio’s Commercial Activity Tax against a Constitutional nexus challenge.

The Taxpayer Advocate Service is falling behind in implementing several recommended changes in its processes, according to a new report from the Treasury Inspector General for Tax Administration.

Koch Industries Inc., the influential private firm headed by billionaire Republican supporters Charles and David Koch, slammed a key element of the House Republicans’ plan to overhaul corporate taxes, saying it would raise prices for American consumers and “could be devastating” to the economy.

McDonald’s Corp. shrugged off Brexit by announcing plans to switch its non-U.S. tax base to the U.K., ditching tiny Luxembourg where its fiscal arrangements are under attack from European Union regulators.

The personal finance company Credit Karma has debuted Credit Karma Tax, an online self-directed tax preparation service that provides free federal and state tax preparation, along with free electronic filing, for Credit Karma members.

KPMG has released a report providing an overview of the tax reform process in Washington, D.C., as the incoming Trump administration prepares to push for the biggest tax overhaul in three decades with Republicans dominating both houses of Congress and the executive branch of government next year.

The Senate passed legislation Wednesday eliminating a tax penalty on employers who reimburse employees for the cost of health insurance premiums, following passage of the measure last week in the House.

HBK CPAs & Consultants has signed a merger agreement with Resnick, Amsterdam, Leshner, P.C., adding an office in Blue Bell, Pa., to Canfield, Ohio-based HBK, along with clients in the sports industry.

Prager Metis CPAs LLC is expanding its presence on Long Island by merging in Cohen Greve & Company CPA P.C., effective Jan. 1, 2017.