Practice Management

The Internal Revenue Service released on Friday the optional standard mileage rates that business taxpayers can use in 2012 to figure the deductible costs of operating a vehicle for business, charitable, medical or moving purposes, and for the most part they have not changed a great deal.

House Republicans introduced their version of a payroll tax cut extension bill on Friday, a day after competing Republican and Democratic versions of payroll tax cut legislation failed for the second time to advance in the Senate.

A pro-business lobbying group is disputing the claims in a recently released report that found some of the most profitable corporations avoiding billions of dollars in state taxes.

The Internal Revenue Service has signed a $6.25 million contract with the SAS Institute to use the company’s analytical software to help it identify tax evasion and fraud as part of the agency’s Return Review Program.

CCH has given users of the Comtax system access to its World Tax Treaties information through CCH’s IntelliConnect research service.

Even though the deadline has passed for taxpayers with foreign bank accounts to voluntarily step forward and disclose them to the IRS, it still makes sense to do so.

Eide Bailly has acquired William D. Pyle & Associates, expanding the firm’s tax practice in Boulder, Colo.

Health care accounting and consulting firms Pershing Yoakley & Associates and GatesMoore said Thursday they plan to merge on January 1.

The American Institute of CPAs told the Internal Revenue Service at a hearing Thursday that it supports the agency’s overall goal of changing the U.S. tax system to one that matches tax return filings in real time with information returns from third parties.

Over half the financial professionals in a new survey said that tax increases should not be taken off the table in order for Washington to reach a deficit reduction agreement.