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Rep. Collin Peterson, D-Minn., has introduced legislation that would amend the Tax Code to disqualify movie and TV producers from receiving tax credits from the federal government if any of the production is done outside the United States.

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

WalletHub, a personal finance social network, has released an analysis of the rates at which S&P 100 companies are taxed at the state, federal and international levels and found they were on average paying more in taxes last year than in 2012, although some are still paying extremely low rates.

The House passed three pieces of legislation Wednesday aimed at limiting the authority of the Internal Revenue Service in response to scandals involving the extra scrutiny given to political groups applying for tax-exempt status as social welfare organizations.

The majority of Australian accounting students are now foreign, The Australian Financial Review reports. 79% of Australian graduate accounting students hailed from overseas in 2013, with 55% of international students comprising undergraduate scholars in the field as well. Accounting was only behind business and management enrollment for international students in the Australian collegiate system last year.

SNBS a partner of enterprise software and information solutions provider Deltek announced it has acquired fellow Deltek channel partner Acuity Business Solutions.

The tax-avoidance strategies that companies like Google Inc., Apple Inc. and Amazon.com Inc. use to escape more than $100 billion a year of levies in the U.S. and Europe are under threat from a plan drawn up by the Organization for Economic Cooperation and Development.

If it seems impossible to amass a fortune in an IRA during your lifetime, think again.

The final tangible property regulations issued by the Internal Revenue Service last year included a new provision for small taxpayers to help alleviate the tedious process and extent of documentation now required for compliance.

Sometimes a grandfather knows best, even when the disagreement involves the Internal Revenue Service.

About 9,000 U.S. taxpayers have each accumulated at least $5 million in individual retirement accounts, said the Government Accountability Office, raising questions about some investors’ tax-advantaged returns.

The Private Company Council, the standard-setter for privately held companies, voted Tuesday to finalize an alternative that would exempt private companies from separately recognizing and measuring non-competition agreements and customer-related intangible assets that are not capable of being sold or licensed independently in a business combination.

A trio of New York City-area income tax preparers has been sentenced to prison.

PricewaterhouseCoopers has released a new report on how internal auditors can take advantage of metrics to get better results.

Track1099 introduced TrackW9, an online W-9 management tool for tax professional teams.

The American Institute of CPAs has reorganized some of the content of its auditing and attestation standards.

The Digital Currency Council, a new professional association that aims to foster best-in-class practices for accountants, lawyers and financial professionals in the digital currency economy through training, certification and support has been established.

The American Institute of CPAs has written a letter to Congress asking lawmakers to address the uncertainty about dozens of expired tax breaks and about-to-expire breaks that could complicate next tax season for practitioners.

Grassi & Co. said Tuesday it is combining forces with The Hochman Practice Group, which was formerly part of Rosen Seymour Shapss Martin & Company LLP, expanding Grassi’s footprint to New City, N.Y.

McGladrey LLP has expanded its practice in Ohio by acquiring substantially all the assets of Battelle Rippe Kingston LLP, a CPA firm that offers assurance, tax and consulting services in Southwest Ohio.