Practice Management

CCH, part of the Wolters Kluwer Tax, Accounting & Legal division, announced that it has signed an agreement to acquire the assets of ATX/Kleinrock. Financial terms of the deal were not disclosed.

The Sage Group has acquired approximately 51 percent of Elit Group, a French provider of business management software for the transport and food distribution industries.

Before adjourning for a five-week summer recess, the House pushed through a bill pairing a minimum wage increase with a GOP-led effort to extend cuts on estate taxes.

Tax professionals will help launch a new system allowing many individuals who owe delinquent federal taxes to apply online for a payment agreement, the Internal Revenue Service announced.

The Internal Revenue Service is examining as many as 40 companies -- investigating the appropriateness of deductions for backdated stock options, as well as the reporting of income by affected executives and the relevance of the laws governing Incentive Stock Options.

The Internal Revenue Service released formal guidance on its new tip reporting procedure, the Attributed Tip Income Program.

The Boeing Co. won't look to take a tax deduction on a $615 million settlement it paid to settle federal ethics charges.

The success of the Internal Revenue Service's e-filing program has led to the elimination of several jobs, The Philadelphia Inquirer reported this week.

Over 90 tax professors have joined the tax sections of the American Bar Association and the New York State Bar Association in asking a senator to drop his attempt to block the confirmation of Eric Solomon for assistant Treasury secretary for Tax Policy.

A new report from the Treasury provides a detailed analysis of what effects proposals to permanently extend the tax cuts enacted in 2001 and 2003 might have on the country's economy.