Practice Management

A California CPA has admitted to abusing his positions at a worship center in New Jersey and a nonprofit in California to steal more than $4 million.

The Internal Revenue Service’s processing of tax returns that reported or claimed Premium Tax Credits during the 2015 filing season was challenged by delays in receiving data from some health insurance marketplaces and exchanges, and overpayments of Advance Premium Tax Credits, according to a new government report.

Grassi & Co. has merged in Rispoli and Co. CPAs, PC, effective Sept. 1, 2015, increasing Grassi’s trust and estate services on Long Island.

CliftonLarsonAllen is merging in the Texas accounting firm Sanford, Baumeister & Frazier, LLP, effective Sept. 1, 2015, bolstering CLA’s footprint in the Dallas-Fort Worth area.

The Internal Revenue Service has proposed regulations changing the amount of the penalties for failing to include information required to be disclosed about reportable transactions.

The Internal Revenue Service did not always follow its own procedures when selling some of the property it seized for unpaid taxes, according to a new report.

The Internal Revenue Service is waiving penalties assessed against any college, university or other educational institution for Forms 1098-T that were filed with an incorrect or missing taxpayer identification number.

A selection of our favorite recent tax fraud cases.

Kabat, Schertzer, De La Torre, Taraboulos and Co. plans to merge with SI Gordon & Co., a 35-year-old CPA firm that serves the audit, accounting and tax-services needs of labor unions and employee benefit plans.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.