Practice and client management

CCH has added Smart Charts, checklists and decision trees to its Business Entity Planning Library to provide further guidance to tax practitioners analyzing and comparing the entities used by small- and midsized businesses.

The U.S. Court of Appeals for the Fifth Circuit has disallowed a “midco” tax shelter, becoming the first appellate court to disallow one.

Government tax authorities around the world are requiring multinational companies to provide more documentation to support their transfer pricing strategies as countries seek additional tax revenue.

The Internal Revenue Service has published its list of recipients of matching grants for its Volunteer Income Tax Assistance program, and not surprisingly it omits the controversial community organizing group ACORN.

CCH’s Tax Prep Partner series has expanded to cover nonprofit, estate tax and payroll forms.

Yacht broker Robert Moran has been sentenced to two months in prison on tax fraud charges, making him the third former UBS client to be sentenced to prison in South Florida in the past two weeks.

The Internal Revenue Service has selected four new members and a chairman for the Electronic Tax Administration Advisory Committee.

Loucks, Adamek, Ashegian & Co. has changed its name to Sousa & Weber and expanded its services.

Tax accountants who help U.S. taxpayers hide their income in foreign banks are in the crosshairs of a new push by Congress and the Obama administration to crack down on offshore tax haven cheats.

The House voted to approve health care reform, moving the legislation now to an uncertain outcome in the Senate.

President Barack Obama has signed the extension of the First-Time Homebuyer Tax Credit, along with an extension of unemployment benefits.

Eighty-eight percent of senior financial executives believe the positions of CEO and chairman of the board should be separate, according to a new survey by Grant Thornton.

A letter to IRS Commissioner Douglas Shulman may hold the key to the shape of the recommendations to be proposed before the end of the year on tax preparer registration.

The Internal Revenue Service is looking for taxpayers who are due to receive a combined $123.5 million from 107,831 refund checks that were returned to the IRS by the U.S. Postal Service due to mailing address errors.

At least 1,260 individuals appear to have erroneously claimed about $1.8 million in Health Coverage Tax Credits on their 2007 returns.

Congress has passed a bill on unemployment that would require electronic filing by all return preparers “except those who neither prepare nor reasonably expect to prepare ten or more individual income tax returns in a calendar year.” The measure is effective for returns prepared after Dec. 31, 2010.

IMGCAP(1)]In my travels around the country one of the objections I hear most often from managing partners about the effectiveness of marketing is, “How do I determine the return on investment on my marketing/sales expenditures?”

The Senate voted by a 98-0 margin to extend the First-Time Homebuyer Tax Credit while also expanding the credit to existing homeowners who want to move to another residence.

The House Financial Services Committee voted to exempt small and midsized public companies from Sarbanes-Oxley audit requirements.