Practice Management

Aarons Grant & Habif LLC has merged Donner, Weiser & Associates into its Atlanta-based practice.

The Internal Revenue Service has published Notice 2010-58, which provides guidance in Q& A format under Section 13 of the Worker, Homeownership, and Business Assistance Act of 2009, which allows taxpayers to elect a three, four, or year-year net operating loss carryback instead of a normal two-year carryback.

The Congressional Budget Office estimated that the federal budget deficit for 2010 will exceed $1.3 trillion—$71 billion below last year's total and $27 billion lower than the amount that CBO projected in March 2010, when it issued its previous estimate, but that projection is predicated on the Bush tax cuts and other tax breaks expiring.

An Internal Revenue Service agent has pleaded guilty in a federal court in St. Paul, Minn., to soliciting and receiving a $9,700 bribe.

My guess is that there’s at least a 50-50 chance that the new Form 1099 reporting mandate will be repealed or modified before it goes into effect. On almost anyone’s benefit-burden scale, the burdens far outweigh the benefits.

The Internal Revenue Service issued proposed regulations on Thursday to significantly increase the number of electronic transactions between taxpayers and the federal government.

Thomson Reuters has acquired TaxSimple, one of the last independent software companies in the tax software market.

The Internal Revenue Service said Thursday that its new online application system for compensated tax return preparers is expected to go live in mid-September, and that the fee will total $64.25 to receive a Preparer Tax Identification Number.

Tax and accounting firm Davis & Bellomo has acquired the accounting practice of Gordon Gilpin, CPA, of Leawood, Kan.

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