Practice Management

Sen. Ron Wyden, D-Ore., has been confirmed as chairman of the Senate Finance Committee, succeeding Max Baucus, D-Mont., who was confirmed last week as Ambassador to China.

The Association for Accounting Marketing has opened registration for the 2014 AAM Summit.

Although audits are a fact of taxpayer life, they're not particularly pleasant, and they can take up a lot of otherwise free time. So what should preparers say to their clients about audits?

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

The IRS has named 27 new members to serve on the nationwide Taxpayer Advocacy Panel, a federal advisory committee charged with providing taxpayer suggestions to improve IRS customer service.

The Internal Revenue Service is urging taxpayers to resist the urge to call the agency for answers to tax questions as it anticipates an avalanche of phone calls next week and is instead asking them to go online for help.

The Organization for Economic Cooperation and Development has developed a new global standard for automatic exchange of tax information among nations in response to a mandate from finance leaders of the G20 countries to combat tax avoidance and evasion.

The California Tax Education Council is cautioning tax preparers that they still need to meet state-mandated requirements despite the Internal Revenue Service’s loss in its court appeal to regulate tax preparers.

The late start to tax season will re-arrange software maker Intuit Inc.’s revenues by about $120 million, according to the company’s latest outlook, released Tuesday.

Successful client relationships start when you treat each client as if they were your only client or your best client or most important client.