Practice Management

The Internal Revenue Service has automated user fee calculations for taxpayers who enter into installment agreements to make it easier to determine their eligibility for fee reductions for low-income taxpayers.

The Internal Revenue Service has decided to renew the contracts of two companies involved in its controversial private debt collection program.

There is growing diversity within CPA firms, and it is taking many forms. For example, the male domination is beginning to wane. This is especially seen at the entry level and is working its way up. There are four distinct generations in the profession, with sharply different views of work and possessing unique skill sets. Then there is the greater influence of marketers, firm administrators, and technologists in firm operations. And don’t forget the more traditional diversity with regard to different cultures and races.

The Internal Revenue Service said that electronic filing is already off to a strong start, with more than 38 million tax returns filed electronically so far.

After the Cook County Board voted over the weekend to double the county's sales tax rate to 1.75 percent, Chicagoans found themselves about to pay the highest sales tax rate of any major city in the nation: 10.25 percent.

The Internal Revenue Service said it is encouraging business taxpayers, associations and other interested parties to submit controversial tax issues to its Industry Issue Resolution Program.

Accounting firms Gray, Gray & Gray and Patterson & Gerry have merged, expanding Gray's presence in the Massachusetts market.

The Internal Revenue Service is sending out letters this week to more than 130 million American households reminding them to file a 2007 tax return in order to receive a tax rebate or economic stimulus payment.

Accounting firms are using Google text ads this tax season and beyond to bring in clients for tax prep and other types of accounting and financial planning services.

A new book explains how companies can avoid "deadly tax mistakes" that could cripple their business.