Practice Management

Sen. Pat Roberts, R-Kan., has introduced a bill to block a proposed regulation from the Internal Revenue Service and the Treasury Department that would give nonprofits the option of asking donors for their Social Security numbers to substantiate donations of more than $250.

Liberty Tax Inc., parent company of Liberty Tax Service, reported a net loss for the fiscal second quarter ended October 31 of $9.1 million.

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

The Internal Revenue Service has selected TaxSlayer as the new tax software provider for the IRS’s Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs, starting with the 2017 tax filing season.

In July my column for this space asked whether it was too early to start thinking about tax extenders. Now, the question might better be phrased whether it is too late.

Michael Sonnenblick of Thomson Reuters discusses some of the main issues for next tax season, such as the Premium Tax Credit and the deduction for state and local taxes.

ADP is participating in an Internal Revenue Service pilot program to test verification codes on W-2 forms in an effort to reduce tax refund fraud.

Haskell & White acquires Castle & Co.; Goldstein Schechter Koch merges in Ribotsky, Levine & Starman, CPAs; and Blue & Co. adds Fleming, Brockschmidt & Durkin.

Democratic presidential candidate Hillary Clinton on Wednesday urged Congress to take action against companies that avoid taxes by shifting their debt to American soil while moving profit overseas, a technique known as earnings stripping, and said that if they don’t, the Treasury Department should crack down with new rules.

Henry & Horne, LLP has acquired Anderson, Church & Co. PLLC in Arizona, effective December 1.