Practice Management

OBAMA PROPOSES SMALL-BIZ TAX CUT

Despite its significant tax increases, President Obama's 2011 $3.8 trillion budget plan contains a number of revenue provisions calculated to encourage business expansion and move the economy upward.

A group of senators has asked executives overseeing the Boys & Girls Clubs of America to account for the high salaries, perks, executive retirement plans and lobbying expenses at the nonprofit group.

LECG Corp. has closed its merger with Smart Business Advisory & Consulting.

The Internal Revenue Service is collecting information on approximately 20 Swiss banks, according a letter from UBS, one of the main banks it has been investigating.

Two IRS Service Center employees in Covington, Ky., were charged in a 29-count indictment with stealing thousands of dollars in money orders.

An IRS employee in the U.S. Virgin Islands and her husband have been charged with filing 32 false federal tax returns using the names of friends and family members.

Phil Liberatore, a CPA and the founder of a business called IRS Problem Solvers, has launched a congressional campaign challenging a Republican incumbent from the right.

The Treasury and Energy Departments, along with the IRS, said billions of dollars in government investment grants for smart grid technology would be non-taxable, paving the way for the technology to move forward.

An $18.7 million system that the Internal Revenue Service has developed to keep better track of the caseload in its Tax Exempt/Government Entities Division has failed to live up to its promises, according to a new report.