Practice and client management

BNA has introduced an online tax research library with information on the latest state sales and use tax information.

The Securities and Exchange Commission has obtained an emergency asset freeze in a California courtroom against a company that raised $3.2 million from investors to fund TV and film post-production work by using the name of a well-known post-production company.

A Queens tax preparer has been sentenced to three to six years in prison after he sent threatening letters to a prosecutor who was investigating him for stealing from his clients.

A federal court in Pensacola, Fla., has sentenced three of nine promoters of a fraudulent tax-and-debt-elimination scheme to prison terms for their roles in tax fraud, wire fraud and money laundering.

The Internal Revenue Service disagreed with the recommendations of a new government report that it freeze more taxpayer refunds to give it time to validate them using information supplied by third parties.

Financial Executives International has written to congressional leaders criticizing President Obama’s proposal to close foreign tax credit loopholes in exchange for making the research & development tax credit permanent.

The Internal Revenue Service is trying to decide whether it should make so-called “soft notices” a permanent part of its automated program for encouraging more voluntary compliance by taxpayers.

House Republican whip Eric Cantor, R-Va., said in an editorial Monday that his party will resist any income tax increases in Congress, as the expiration of the Bush tax cuts looms at the end of the year.

Taxpayers stuck in the current economic downturn will get at least some relief in 2011 thanks to the mandatory upward inflation-adjustments called for under the Tax Code, according to CCH

The Internal Revenue Service’s Office of Chief Counsel should improve the timeliness of the private letter rulings it issues and reduce the number of rulings issued, recommended a new government report.

WebCPA and Accounting Today’s parent company SourceMedia has signed a strategic partnership with iLumen to offer a new online resource that will allow CPAs and other accounting professionals to monitor the financial performance of their business clients through an automated client analytics and business intelligence portal.

The Treasury Department said that it has reached the milestone of processing its one-billionth electronic tax payment through its Electronic Federal Tax Payment System.

Positions have hardened on the subject of tax preparer registration and the proposed regulations slated to become final before the program of registering for preparer tax identification numbers begins.

Warren, Averett, Kimbrough & Marino, one of Alabama's largest CPA and business consulting firms, has entered into a long-term recordkeeping and third-party administration service engagement with Dallas-based financial services firm, ISC Group Inc.

A federal grand jury has indicted the owner and former owner of a Hawaiian car dealership, along with their CFO, accountant and others, for tax fraud.

The Senate approved legislation on Thursday that would provide $12 billion in tax breaks to small businesses, along with a $30 billion lending fund.

Senate Finance Committee Chairman Max Baucus, D-Mont., introduced the latest version of the tax cuts extenders bill on Thursday in another effort to extend a large number of tax breaks that have either expired or are about to expire for individuals and businesses, including new incentives for companies to hire workers.

IMGCAP(1)]Sometime in the 1990s a group of marketing types must have gotten together to come up with the next big trend for businesses to use. And did they ever.

Katz, Sapper & Miller LLP has renamed its KSM Business Technology LLC practice as KSM Consulting LLC to reflect the practice’s growing array of business services.

A federal agent has filed a declaration accusing a man of receiving $2.7 million in fraudulent income tax refunds using the names and identities of people listed with several state agencies.