Practice Management

This is the first year that the IRS requires payments made with a credit or debit card to be reported by merchants who processed more than $20,000 and 200 transactions.

A congressional subcommittee plans to hold a hearing next Thursday on the 2012 tax return filing season, with one of the main topics to be the recent reports of tax refund delays.

Accounting firm Skoda Minotti has acquired Core Information Management, a Cleveland-based IT auditing and IT security management firm, and is launching a new industry practice, Skoda Minotti Financial Institutions Services Group, built around the acquisition.

The Senate failed to pass an amendment that would have extended a set of expiring tax credits for wind energy, biofuels, energy efficient homes and other tax breaks.

Nearly two-thirds of tax professionals are unaware of the various tax incentives that are available to private investors in clean energy projects, according to a new poll by Bloomberg BNA.

CCH has expanded its Expert Treatise Library with two new titles on the subject of corporate taxation.

Tax prep chain Jackson Hewitt said that one of its tax preparers is among the first to receive the IRS’s new designation of Registered Tax Return Preparer.

Certain industries in which clients operate increase an accountant’s risk exposure and those with high risk scores are especially precarious.

The Internal Revenue Service has introduced an online search tool that will allow the public to easily check on information about tax-exempt organizations, such as charities and other nonprofits.

A former bank executive has filed suit against the Internal Revenue Service for failing to pay him a whistleblower award.