Practice Management

Enterprise software provider Epicor has acquired privately held CRS Retail Systems of Newburgh, N.Y., in an all-cash transaction valued at roughly $121 million.The acquisition of CRS, a provider of merchandising and point-of-sale software to the retail industry, adds the retail sector to Epicor's market penetration of enterprise solutions.

In violation of a longstanding court order, the Internal Revenue Service has stopped providing detailed statistics about how the agency enforces the nation's tax laws, according to a motion filed in the United States District Court for the Western District of Washington.The legal challenge was brought by Susan B. Long, a professor of management information and decision sciences at Syracuse University's Martin J.Whitman School of Management.

The CPA and business advisory firm of Whittlesey & Hadley has merged in the firm of Snyder & Haller. Both firms are headquartered here.

New York-area CPA and business advisory firm Citrin Cooperman has merged in Shulman, Cohen, Furst & Co., a boutique firm in New York City.

Commerce Bancorp Inc., parent to some 375 Commerce Bank branches in the New York, Philadelphia and Southeast Florida markets, has acquired online wealth manager eMoney Advisor for $32 million.

Treasury Secretary John Snow predicted that Congress would probably extend a number of tax cuts when it returns in session, according to reports.

Bolstering its presence in the Philadelphia market, BMC, a CPA and business consulting firm formerly known as Beard Miller Co., has merged in Paoli, Pa.-based McDade Abbott.

Mueller & Co., a Chicago-area CPA and financial services firm, has merged with Aurora, Ill.-based Nickels, Beilman & Co. effective immediately.

The Treasury Department and the Internal Revenue Service have issued final regulations regarding Sections 401(k) and 401(m) related to designated Roth IRA contributions.

Lois G. Lerner has been named director of the Exempt Organizations Division of the Internal Revenue Service. In this position, she will be responsible for administering and enforcing the tax laws that apply to more than 1.8 million organizations recognized by the IRS as exempt from tax.