Practice Management

The bi-partisan panel appointed in February by PresidentObama and charged with reducing the mammoth U.S, deficit, has released a draftproposal calling for billions in spending cuts as well as overhauling the taxcode in an effort to cut U.S. debt down to 60 percent of GDP by 2024.

A bipartisan pair of U.S. senators has written to the co-chairmen of the federal deficit commission asking them to consider raising the gas tax to finance highway construction nationwide.

A bipartisan group of key congressional committee chairmen pledged to patch the alternative minimum tax this year and wrote to IRS Commissioner Doug Shulman telling him to plan for AMT relief.

President Obama and congressional Republicans are laying out their positions more openly on the fate of the expiring Bush tax cuts as they prepare for negotiations later this month.

Individuals inappropriately received at least $380million in personal tax exemptions and tax credits in 2007 as a result of themultiple use of Taxpayer Identification Numbers according to a new reportreleased from the Treasury Inspector General for Tax Administration.

CCH has introduced CCH Mobile, a mobile application that extends CCH’s IntelliConnect tax research service to the RIM BlackBerry and Apple iPhone, at its user conference in Orlando on Monday.

An Internal Revenue Service employee has been indicted for embezzling nearly $4,000 in taxpayer payments to the IRS.

President Obama urged Republicans in Congress to agree on a compromise on the soon-to-expire tax cuts, even as the prospects for an agreement remained uncertain.

Understandably buried beneath the news of last Tuesday'sRepublican onslaught in the House and to a lesser degree the Senate came thelatest earnings release from mortgage concern Freddie Mac.

Jeffrey M. Weiner joined Marcum in 1981 and has served as managing partner since 1990. Under his leadership, the firm has expanded from a one-office firm of 20 employees to a 21-office firm that now ranks in the top 15 in the United States, the top four in the New York metropolitan area, and is the largest firm on Long Island.