Practice Management

Faced with possible dissent in their party, U.S. Senate Democrats are dropping estate tax language backed by President Barack Obama from their proposal to extend most George W. Bush-era tax cuts through 2013.

Democrats on the House Ways and Means Committee have introduced a bill to provide tax credits to businesses that brings jobs and business operations back to the U.S. from abroad.

M&A activity among middle-market companies in the U.S. has risen about 25 percent so far this year over last year, according to a report from KPMG’s Corporate Finance unit.

The Internal Revenue Service is sending out warning letters to paid tax preparers who fail to submit Form 8867 checklists with tax returns that claim the Earned Income Tax Credit.

Accountants and their small business clients share similar challenges of complex regulations and the pressure to lower fees and prices, according to a new poll.

Thomson Reuters has enhanced its ONESOURCE Transfer Pricing software with updated data collection features.

Mergers and acquisitions activity among corporations appears to gaining momentum this year, according to a midyear report by PricewaterhouseCoopers, which foresees M&A activity accelerating in the second half of 2012.

The single-engine airplane that was flown by an enraged pilot into an Internal Revenue Service building in Austin, Texas, in February 2010 cost the agency $38.6 million, according to a new government report.

Rep. Sander Levin, D-Mich., the ranking Democratic member of the tax-writing House Ways and Means Committee, plans to introduce legislation that would require Presidential candidates to make public 10 years of tax returns and disclose any overseas accounts.

Skoda Minotti has merged in the Cleveland tax firm Gerald M. Appel, CPA, Inc., expanding the firm’s tax practice.