Practice Management

Rep. Dave Camp, R-Mich., chairman of the tax-writing House Ways and Means Committee, has written a letter to Internal Revenue Service acting commissioner Danny Werfel urging the IRS to disclose all the information it has available to date on the eligibility determinations it has made for individuals who have applied for premium tax credits in the health insurance exchanges that went online last month under the Affordable Care Act.

The Internal Revenue Service does not always identify potentially mistaken claims for General Business Credits when processing tax returns, according to a new government report that found unsupported claims for the credits totaling $1.3 billion for 2011.

McGladrey LLP has signed a definitive agreement to acquire substantially all the assets of Houston-based Margolis, Phipps & Wright PC.

Hanna McGlone & Co. has agreed to join Smart Devine.

Angie Grissom, president of The Rainmaker Companies, talks about how accounting firms can be more like successful rock bands, in an interview with managing editor Tamika Cody during Accounting Today's Growth & Profitability Summit in Orlando.

Beck & Co. LLC has agreed to merge with Berdon LLP.

CBIZ Inc. has acquired the non-attest assets of Denver, Co-based Knight Field Fabry LLP.

The American Institute of CPAs has written to the leaders of the Senate Homeland Security and Government Affairs Committee encouraging them to support the Digital Accountability and Transparency Act of 2013, also known as the DATA Act (S. 994), which includes a provision calling for establishment of government-wide financial data standards for federal funds.

A dozen emerging technology companies, including Twitter and Facebook, have enough unused tax breaks for executive stock options to eliminate all income taxes on the next $11.4 billion of U.S. income they collectively earn, according to a new report, giving them a net federal tax cut of $4 billion.

Anonymous visits by government auditors have uncovered accuracy problems with some of the tax returns prepared by volunteers who staff the Internal Revenue Service’s Volunteer Program, according to a new report.