Practice Management

Thomson Reuters is forecasting the tax rates for next year and predicting they will be adjusted upward in line with modest inflation.

The Internal Revenue Service has set the special per diem rates starting Oct. 1, 2015, which taxpayers can use to substantiate the amount of expenses for lodging, meals, and incidental expenses when traveling away from home.

The tax-writing House Ways and Means Committee plans to hold votes Thursday on several Republican-sponsored bills that would make five temporary tax breaks into permanent parts of the Tax Code.

Highlights of some of our favorite tax-related blogs from the past week.

The American Institute of CPAs wrote Congress to warn that a bill grants the IRS too much authority to regulate tax preparers.

Yahoo! Inc.’s plans to spin off its stake in Alibaba Group Holding Ltd. were left in doubt after IRS officials outlined new concerns.

Sikich LLP has acquired the audit, accounting and tax practice of Milwaukee firm Jannsen + Co.

Effective Jan. 1, 2016, the IRS will reject any checks received for over $99,999,999.00.

Tips for improving your “online reception area”

My car had a recall notice and I had to bring it in. What started out as an annoyance became a positive experience because of the way it was presented to me.