Practice Management

Paid tax return preparers will need to file a due diligence checklist with all claims for the Earned Income Tax Credit starting January 1, the Internal Revenue Service said Tuesday.

The Internal Revenue Service saved about $14.19 million by not mailing out tax form packages this year, but the elimination of the mailings increased the burden on approximately 6 million taxpayers who needed to obtain the forms themselves, according to a new government report.

IMGCAP(1)]Recently one night I was struggling feverishly with my 7th grader’s science assignment on paleobotany.

Deloitte has added Skura Business Intelligence Group to its Canadian firm, expanding the firm’s analytics capabilities.

The Internal Revenue Service has approved the National Association of State Boards of Accountancy and NASBA’s National Registry of CPE Sponsors as the first organizations to receive qualified accrediting status to provide continuing education as part of the IRS’s Registered Tax Return Preparer program.

Porte Brown LLC has acquired Meador Stratton LLP, expanding the Chicago-area accounting firm’s footprint to Indiana.

The Internal Revenue Service has made several important changes to its determination letter program for employee retirement plans.

The Senate has passed a two-month extension of the payroll tax cut and unemployment benefits, but House Republican leaders and some Democrats balked at the short-term extension.

The Internal Revenue Service has published a Candidate Information Bulletin to help those preparing to take the Registered Tax Return Preparer Test know what to expect on test day.

The Internal Revenue Service has given tax-exempt organizations with January and February filing due dates a temporary reprieve until March 30, 2012 to file their annual returns.