Practice Management

As their colleagues float talks of $100 gas-rebate checks for taxpayers, the heads of the Senate Finance Committee have asked the Internal Revenue Service to provide tax and financial information on the nation's largest oil and gas companies.

The Internal Revenue Service announced agreements with 33 states and Puerto Rico to begin sharing information to ensure that money services businesses are complying with laws to report unusual cash transactions and other suspicious activities.

According to a report from the Treasury Inspector General for Tax Administration, the nation's tax gap -- the annual difference between federal taxes owed and those paid -- could in fact exceed the $345 billion estimate from Internal Revenue Service.

The Internal Revenue Service announced that the recently completed 2006 filing season set a series of records, highlighted by 70 million tax returns being filed electronically this year and home computer usage jumping 18 percent.

The Internal Revenue Service won its first court case against the questionable tax shelters known as "Son of Boss" on a procedural point.

Government and software industry officials proclaimed this year's filing season a success, with numbers up in nearly every category.

PricewaterhouseCoopers announced plans to bring more than 300 new jobs to the Tampa Bay in the next two years as part of a new knowledge services organization.

Private equity group HG Capital has outbid the Sage Group for Norwegian software and accounting firm Visma.

The Internal Revenue Service said that the roughly 400 taxpayers who mailed their returns late because of incorrect information in Cleveland's major newspaper will not be penalized by the federal government.

Taxpayers used the Internal Revenue Service Web site at record levels as the filing deadline approached, the agency said.