Practice Management

The Internal Revenue Service reopened its Offshore Voluntary Disclosure Program to encourage more taxpayers with assets in undeclared foreign bank accounts to come forward.

Payroll and benefits outsourcing provider Paychex has acquired Icon Time Systems, an online and PC-based time and attendance products concern for small businesses.

An Oregon accountant and tax preparer has been sentenced to 60 months’ probation and up to 180 days in a halfway house after he pleaded guilty to tax charges.

Plante Moran is beefing up its construction industry practice by merging in Stuart Franey Matthews & Chantres P.C., a Michigan firm that focuses on contractors.

Retail giant Walmart will be providing free federal 1040EZ tax return filing through its partners H&R Block and Jackson Hewitt at more than 3,000 of its stores this tax season.

The Internal Revenue Service plans to finally release its re-engineered Transcript Delivery System on Monday, just in time for tax season.

The Internal Revenue Service has released the first update in five years to its estimates of the tax gap and found that the effort to reduce the amount of unpaid taxes owed by taxpayers has essentially not worked.

Eide Bailly plans to merge with Wipfli in June to create one of the largest accounting and consulting firms in the U.S., with annual revenue of more than $314 million and 2,327 partners and associates.

CPA and business advisory firm Weaver has expanded its reach in the San Antonio market, merging in local firm John R. Hannah & Co.

The Internal Revenue Service has extended innocent spouse relief to a greater number of taxpayers under newly proposed guidelines.