Practice Management

U.S. companies that have already carried out inversions are likely to cost the government a record $2.2 billion or more in lost tax revenue next year, double the amount in 2014, according to calculations based on companies’ financial results.

President Barack Obama held out the prospect that the administration and congressional Republicans can reach a deal on revamping the corporate tax code and said he wanted to start discussions early next year.

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

U.S. lawmakers, about to pass a short-term deal to extend dozens of targeted tax breaks, know what they’re doing is bad policy. And they’re doing it anyway.

House Republicans are moving toward a vote this week on legislation to revive dozens of lapsed U.S. tax breaks and extend them only through the end of this year.

A Los Angeles tax attorney has received more than 6,500 pages from the Internal Revenue Service on the agency’s Offshore Voluntary Disclosure Program and how it trains its agents.

Online audit confirmation provider Confirmation.com said Tuesday it has acquired LegalConfirm, a Maryland-based provider of electronic legal confirmations.

The New York State Department of Taxation and Finance has launched a continuing education program as part of the state’s efforts to regulate tax preparers.

The Internal Revenue Service needs to improve the security of the health care information submitted by health insurance providers and pharmaceutical makers and importers on information returns, according to a new government report.

Top 100 Firm Eide Bailly LLP, has agreed to add the Reno, Nev.-based firm Kafoury, Armstrong & Co. to its roster. The combination will be completed on Dec. 15, 2014.