Practice Management

Both the American Institute of CPAs and the American Bar Association Tax Section have told the Internal Revenue Service it should withdraw its proposed rule that would require companies with more than $10 million in total assets to disclose uncertain tax positions on the new Schedule UTP, Uncertain Tax Position Statement.

The Internal Revenue Service has issued a private letter ruling recognizing California’s community property laws in regard to the tax treatment of registered domestic partners, potentially benefiting same-sex couples.

The Supreme Court unanimously reversed a federal appeals court decision in a case challenging Ohio’s taxation of independent marketers of natural gas, and said the case should be tried in state court.

RSM McGladrey and McGladrey & Pullen have adopted a new brand identity as simply “McGladrey” and are launching the new brand in conjunction with a PGA golf tournament sponsorship.

Sen. Charles Schumer, D-N.Y., wants to put a stop to U.S. companies that transfer customer service calls halfway around the world.

Milwaukee-based accounting firm Clifton Gunderson is acquiring and merging in several other firms as it expands its footprint to several new markets, including Philadelphia, New York and Indiana.

The House approved a bill to extend many expiring and expired tax breaks through the end of the year, as well as extend unemployment insurance benefits through the end of November.

Although we’ve been waiting for an “extenders” bill for some time, the one now before the Ways and Means Committee contains some controversial provisions that have generated quick and vociferous opposition.

An overwhelming majority of senior financial executives say their tax department’s top priority is not tax savings or their effective rate, but timely and accurate tax return and financial reporting, according to a new survey of CFOs and senior comptrollers by Grant Thornton LLP.

CCH has undertaken a nationwide research project on the sales and use tax treatment of drop shipment transactions, and used the information to update its tax research.