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Congress made some moves this week in working on tax extenders, even though it is not expected to pass any legislation until after the midterm elections.

The Fifth Circuit rejected both the Internal Revenue Service and the Tax Court’s valuation of art contained in an estate, finding an estate’s valuation to be supported by the evidence.

Maintaining healthy client relationships is important for CPAs, particularly when their tax clients need some help with their tax planning that may require outside expertise.

CPAs typically collect and store information about their clients which may open them up to liability if any of the information is compromised, according to Rickard Jorgensen, president of Jorgensen & Company.

Thomson Reuters has released a tax-planning treatise for estate planners, Tax Planning for Family Wealth Transfers at Death: Analysis with Forms.

Taxpayers are expected to receive a modest amount of tax relief in 2015, thanks to the annual inflation adjustments provided under the Tax Code.

Last year marked the third consecutive year of increases in CPA firm revenue since the recession, with firms posting a 6.7 percent revenue increase, up from 5.4 percent in the previous year, according to the latest results from the Rosenberg Survey.

TaxJar, an online service that manages sales tax filing for merchants, has launched AutoFile, a new service that automates the filing of state sales tax returns and payments for online and storefront retailers.

Rep. Mark Pocan, D-Wis., has introduced a bill that would help low-income married couples deduct twice as much of the interest charged on their student loan debts.

Dixon Hughes Goodman LLP has awarded PhD Project participant Joye Caston a two-year, $10,000 per year scholarship to pursue her doctorate in accounting at Jackson State University, marking the first Dixon Hughes Goodman Doctoral Scholarship to ever be awarded.