Practice Management

In the latter part of the year we begin conducting year-end planning meetings with clients. For the ones with children or grandchildren, invariably part of the meeting focuses on planning and saving for college and possibly graduate school expenses.

The Internal Revenue Service needs to do more to ensure taxpayers aren’t using virtual currencies like bitcoin to avoid taxes, according to a new report.

The Internal Revenue Service didn’t do enough to mitigate risks in some of its information technology contracts, according to a new report.

Rea & Associates has merged in Friel & Associates, a firm based in Chardon, Ohio, effective November 1.

Last week I wrote about certain fixed fee arrangements where I did extras I did not bill for. Here is a further explanation.

UHY Advisors and UHY LLP have acquired the professional services firm Pratesi, Salemi & Company LLC and the valuation firm Brentmore Valuation Advisors, in West Hartford, Connecticut.

Eide Bailly is expanding its presence in Las Vegas by adding the consulting firm JW Advisors and the CPA practice of Bryce Wisan.

An emeritus professor of business administration in Rochester, New York, pleaded guilty to hiding $200 million in assets from the Internal Revenue Service by using offshore accounts at a bank that people familiar with the matter identified as Credit Suisse Group AG.

The IRS has issued an urgent alert to tax professionals who use IRS e-Services to beware of an e-mail asking them to update their accounts and directing them to a fake Web site.

Victims of October's Hurricane Matthew in parts of Virginia may qualify for tax relief, the IRS said.