Practice Management

The Internal Revenue Service has begun sending letters to political donors asking why they didn’t report their 2008 donations on their gift tax forms.

Not all of the state legislation drawing attention from accountants this year involves taxes (see States Enact Flurry of Tax Changes). Indeed, some of the most closely watched bills hit even closer to home for the profession.

Accountants across the nation barely had time to recover from the 2011 tax season before being buried under a blizzard of new tax law changes approved by dozens of state legislatures from Harrisburg to Honolulu.

To mark Small Business Week, the Internal Revenue Service is highlighting the tax benefits and resources available to small businesses this year.

Three-quarters of senior finance executives globally expect economic expansion over the next 12 months, according to a new survey.

Thomson Reuters has acquired Mastersaf, a provider of tax and accounting solutions for companies operating in Brazil.

Wells Fargo is reportedly seeking a buyer for its H.D. Vest brokerage and financial advisory unit.

The United States reached its statutory debt limit of $14.3 trillion on Monday and the Treasury Department took steps to create additional headroom to avoid a government default.

The Growth Partnership has introduced a new survey tool designed to help accounting firms assess their marketing efforts.

Roni Deutch, who heavily advertised her tax problem resolution services on television, has closed her law firm and surrendered her legal license after a California judge froze her assets.