Practice Management

The House of Representatives has already passed three tax cuts and had the details of a fourth nearly pinned down, cutting taxes by $94.5 billion over the next five years.

Fishbein & Co. PC has announced a merger with the corporate practice division of HJ Financial Group. The merger is expected to be completed in January 2006.

The Internal Revenue Service issued proposed guidance on the disclosure or use of tax return information by tax return preparers.

Enterprise software provider Epicor has acquired privately held CRS Retail Systems of Newburgh, N.Y., in an all-cash transaction valued at roughly $121 million.

Reports from inside the White House are that President Bush's administration may wait until 2007 to begin pushing a proposal to overhaul the tax code.

After checking with the state's attorney general, a Texas nepotism law will prevent the Kerr County tax assessor/collector, Paula Rector, from marrying one of the district's tax appraisers.

The Internal Revenue Service issued its 2006 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

The West Trenton-based firm of Manuel S. Newman & Co. CPAs has merged with WithumSmith+Brown. Financial terms of the deal were not disclosed.

The Internal Revenue Service has issued a consumer alert about an Internet scam where taxpayers receive an e-mail informing them that they are owed a tax refund. The e-mail, which claims to be from the IRS, directs the consumer to a link that requests personal information, such as Social Security number and credit card information.

As most every tax practitioner in town makes their pitch on year-end tax planning to clients, research organization the Tax Foundation recently released a new report making an economic case against the federal deduction for charitable gifts.