Practice Management

The Internal Revenue Service unveiled a new procedure Wednesday to help people who accidentally miss the 60-day time limit for rolling over their retirement plan distributions into another qualified retirement plan or individual retirement account.

The CPA Consultants’ Alliance has appointed Bonnie Buol Ruszczyk of bbr marketing as the group’s new Marketing Chair and Carrie Steffen of the Whetstone Group as the new Deliverables Chair.

National Taxpayer Advocate Nina Olson has posted responses from the Internal Revenue Service to her recommendations for improving taxpayer service, along with papers delivered by presenters at an international conference her office convened last November on taxpayer rights.

For years, the biggest nations have tried to outsmart tax dodgers and reclaim trillions of dollars stashed in offshore accounts. Many of them are tired of waiting and now just want to make peace and bring some of the money back home.

Republican Donald Trump is proposing a big tax cut for companies like Apple Inc., which would see its tax rate slashed on about $200 billion of profit it keeps offshore.

Democratic presidential nominee Hillary Clinton laid out proposals to streamline financing and taxes for entrepreneurs and small businesses while telling business owners that Republican Donald Trump would put his interests ahead of their own.

Most people have never heard of the alternative minimum tax, and those that have probably would love to forget about it and wish that it would just go away.

Venture investors, facing the possibility of bigger tax bills, are trying to convince Washington that they’re special and should be exempt.

Hillary Clinton’s Democratic presidential campaign said Monday that Republican Donald Trump’s proposals to overhaul the federal tax system would benefit “high-debt investors like himself,” opening a new line of attack.

Ostrow Reisin Berk & Abrams Ltd. has added Red Granite, an accounting and financial services firm that offers cloud-based bookkeeping and outsourced CFO services.