Practice Management

The Internal Revenue Service spent $15 million on a delayed implementation of an upgraded system for handling an aspect of the Foreign Account Tax and Compliance Act, but the software did not deliver the expected business results, according to a new report.

The Internal Revenue Service is alerting tax professionals and taxpayers alike about a new scam involving fake CP2000 notices that are being sent to unsuspecting taxpayers, billing them for unpaid taxes related to the Affordable Care Act.

Marvell Technology Group Ltd. said it will cover as much as $15.4 million of taxes and penalties incurred by former Chairman and Chief Executive Officer Sehat Sutardja when he exercised backdated options in 2006.

Hillary Clinton wants roughly $550 billion in new taxes and fees over the next decade—affecting investment partnerships, large estates and banks—that have received little to no public discussion from her campaign, a report from a Washington-based policy group shows.

Year-end planning through the rearview mirror

Guess what, accountants? Americans really like you.

H&R Block’s Jim Buttonow shares critical facts about the upcoming IRS program

Apel and Associates to merge in Navigate to Success, and 2020CA joins Beavis Morgan.

Warren Averett LLC, CPAs and Advisors, is combining with Beason & Nalley Inc. to beef up its government contracting practice in the Southeast.

Acquisitions of consulting firms skyrocketed last year, particularly in North America and with many of the deals done by technology consultancies and Big Four firms, according to a new report.