Practice Management

Two recent reports demonstrate how tax breaks at the state and federal level can help reduce poverty.

First, a bit of non-news: College is expensive. Last school year, private colleges averaged over $31,000. But there is some relief available from a tax perspective.

The Internal Revenue Service is testing a new Return Review Program to help identify instances of tax return fraud, but the security of the system needs improvement, according to a new government report.

Tax services firm Ryan has acquired EnerTax Consultants to expand its severance tax practice into one of the biggest in the U.S.

The Internal Revenue Service’s Collection Due Process Program, which allows taxpayers to appeal a tax levy or lien, continues to experience problems, according to a government report.

The American Institute of CPAs has sent a comment letter to the Internal Revenue Service and the Treasury Department recommending that S corporations be entitled to the same tax deductions as C corporations when it comes to worthless stocks.

Portsmouth, N.H.-based Albert Stowe CPA PLLC will be joining Baker Newman Noyes, one of the top five firms in New England, as of Nov. 1, 2015.

Victims of the July extreme weather in parts of Kentucky may qualify for tax relief from the IRS.

Meaden & Moore has signed a strategic agreement with LBC International Investigative Accounting Inc., uniting Meaden & Moore’s Investigative Accounting Group and its 11 U.S. offices and 70-member staff with LBC’s four Canadian offices and 25-member staff.

BlumShapiro has chosen Joseph Kask as the Connecticut-based accounting firm’s next managing partner, effective Jan. 1, 2016.