Practice Management

Sen. Ron Wyden, D-Ore., the ranking Democrat on the Senate Finance Committee, released a discussion draft of proposed legislation that would prevent taxpayers from putting more than $5 million in an individual retirement account.

About two weeks after Denmark revealed it had lost as much as $4 billion in taxes through a combination of fraud and mismanagement, the minister in charge of revenue collection says that figure may need to be revised even higher.

Leaders of the National Society of Accountants have sent a letter to leaders of the U.S. House of Representatives opposing any resolution to impeach or censure IRS Commissioner Koskinen.

Speaker Paul Ryan said Wednesday the House will vote on whether to impeach Internal Revenue Service Commissioner John Koskinen, and he indicated members won’t be pressured to vote one way or the other.

New York-based accounting firm Citrin Cooperman has expanded further in New England by combining with LGC+D LLP in Providence, R.I., effective September 1.

The Internal Revenue Service has issued final regulations redefining terms relating to marital status to include same-sex marriage for federal tax purposes, in accordance with Supreme Court decisions.

How often do you read headlines in the local business journal about companies receiving state and local incentives to expand or relocate? Are your clients in the headlines for incentive deals? If not, you may be able to help them get there—and create a lot of value and goodwill in the process.

Sax has rebranded and launched a new website to commemorate its 60th anniversary and a split earlier this year from BST.

Highlights of some of our favorite tax-related blogs from the past week.

Preferred Accounting Services LLC has joined Mountjoy Chilton Medley LLP, effective Sept. 1, 2016.