Practice Management

The chairmen of the House Ways and Means Committee and the House Oversight and Government Reform Committee have written to the head of the Internal Revenue Service about the status of several of the officials who resigned or were placed on administrative leave in the wake of the Tea Party targeting scandal.

Every company in every industry faces some degree of risk. But some risks are greater than others, particularly sensitivity risk (related to external factors like commodity prices and competition), which accounts for about half of all risk incurred by any company.

The Internal Revenue Service spent over $4.8 million in fiscal year 2011 and $4.7 million in fiscal year 2012 for executive travel, according to a new government report.

Coaching and consulting firm PartnersCoach has introduced a Partner-Pipeline program that provides a developmental approach to building future leaders within accounting firms.

A pair of lawmakers plan to introduce bipartisan legislation in the House that would provide permanent tax incentives to family farmers, ranchers and other land owners who choose not to develop their land and instead preserve their property for conservation.

A pair of congressional subcommittee chairmen are asking the head of the Internal Revenue Service about a recent report that the agency accidentally posted thousands of Social Security numbers on the Internet.

Prager Metis CPAs LLC has merged with the Springfield, N.J. –based Goldfinger Block Glickenhaus Dinar LLP. The deal closed on July 1, 2013.

Schoenfeld Mendelsohn Goldfarb LLP has merged into Janover LLC. The deal is expected to close on August 1.

Your client has a successful closely held business. Perhaps your client has already indicated that, at some indeterminate point in the future, the business will be sold. Even if your client has not given such an indication, you are well advised to at least broach the topic as a matter of long-term contingency planning.

The former manager of an H&R Block outlet has been sentenced to 12 months and one day in federal prison for using the identities of his former tax preparation clients to file false returns with the Internal Revenue Service seeking fraudulent income tax refunds.