Practice Management

Wipfli LLP has added the partners and associates of Tinley Park, Ill.-based The Condon Group Ltd. to the firm.

An additional tax of 10 percent is charged on premature withdrawals from a qualified retirement plan, SIMPLE plan or IRA. The additional tax is 10 percent of amounts withdrawn that are includible in gross income. The rules and exceptions are intricate enough that they don’t need to be complicated by things like fraudulent withdrawals by a soon-to-be former spouse. But that’s what happened to Andrew Roberts, whose wife withdrew funds from his IRAs without his knowledge.

The Internal Revenue Service has issued a revenue procedure providing a safe harbor to those who invest in renovations of historic commercial buildings, addressing concerns stemming from a 2012 appeals court decision that upset users of historic tax credits, or rehabilitation credits.

BlumShapiro has combined with the Newton, Mass.-based firm Friedman, Suvalle & Salomon PC.

The Internal Revenue Service is giving organizations that have had their tax exemptions revoked because they failed to file a tax return a way to revive their tax-exempt status.

A recent ruling by the U.S. Tax Court holds a costly reminder about the consequences of making inappropriate transactions within a client’s IRA.

The owner of a New Jersey tax preparation service was sentenced to 18 months in prison for willfully preparing false tax returns for his clients.

Everyone focuses on the differences between generations -- but there are also useful similarities

The leading firms in wealth management carefully strategize their success.

There's one sure way to know what your competitors are doing: Ask them.