Practice Management

The Internal Revenue Service has launched a new Affordable Care Act Tax Provisions site at IRS.gov/aca to educate individuals and businesses on how the health care law might affect them.

Weyrich, Cronin & Sorra, Chartered and Chesapeake Accounting & Bookkeeping Service Inc. have agreed to merge.

Under some circumstances, the provision of services by a corporation to its shareholders is “property” within the meaning of Code Section 317(a), which can result in the IRS finding that there was a constructive dividend to the shareholder.

The Internal Revenue Service has combined parts of several revenue procedures into a new revenue procedure that provides relief to companies that make late elections to become S corporations.

The American Institute of CPAs has written to the heads of Congress’s main tax-writing committee expressing its opposition to a proposed limitation on the use of the cash method of accounting for partnerships, S corporations, personal service corporations and farmers.

Tax research publisher Tax Analysts has filed suit against the Internal Revenue Service, asking a federal court to force the agency to comply with a Freedom of Information Act request and provide training materials used for its guidance in exempt organizations determinations.

I had long suspected that there was a strong disconnect between CPA partners’ perceptions about practice growth initiatives and their actions and behavior.

House Ways and Means Oversight Subcommittee chairman Charles Boustany, R-La., has asked the Government Accountability Office to assess how the Internal Revenue Service examines tax-exempt organizations in the aftermath of recent scandals.

The Internal Revenue Service has released the final regulations for how it will release tax return information to the Department of Health and Human Services to assess a taxpayer’s eligibility for help in buying health insurance coverage under the Affordable Care Act.

Hein & Associates has expanded its cloud solutions offerings though a new partnership with cloud-based business analytics product maker Adaptive Planning.