Practice Management

IRS E-FILING SYSTEM REMAINS ERROR-PRONE

There are more than 60 tax provisions that expired at the end of 2011, according to the Joint Committee on Taxation.

Hayashi & Wayland Accounting & Consulting announced the acquisition of full-service CPA firm Snyder Accountancy, headquartered in Monterey, Calif., with a satellite office in Salinas, Calif., effective Jan. 1, 2012.

McPherson, Kan.-based accounting firm Swindoll, Janzen, Hawk & Loyd announced the acquisition of Hutchinson, Kan., firm BSE, effective Jan 1, 2012.

IMGCAP(1)]Job creation! More U.S. exports! Reduce taxes!

Better controls are needed to ensure tax preparers filing electronically are complying with new preparer regulations, according to a report released Thursday by the Treasury Inspector General for Tax Administration.

IMGCAP(1)][IMGCAP(2)]Valuation, by its very nature, is an exercise in judgment.

The IRS has issued new temporary taxpayer guidelines in the Federal Register to help clarify the difference between a business expense that is classified as a repair and therefore tax deductible and a capital improvement.

Washington, D.C. - The Internal Revenue Service announced the selection of seven new members to the Internal Revenue Service Advisory Council, which provides an organized public forum for IRS officials and representatives of the public to discuss key tax administration issues.

MNP, one of Canada's largest chartered accounting firms, will expand its presence in Manitoba by merging with Hemenway Silver, effective February 1.