Tax Strategies

The Internal Revenue Service named Linda Stiff as the replacement for outgoing Acting Commissioner Kevin M. Brown.

Accounting firm Lovoy, Summerville & Shelton has acquired Granberry & Associates, allowing the firm to expand its client base beyond its home town of Birmingham to Granberry's turf in the Auburn-Opelika area of Alabama.

The Internal Revenue Service has granted relief to some homeowners struggling to rebuild after Hurricane Katrina devastated the Gulf area in August 2005 so they can continue to qualify for a low-income housing credit.

Following on the heels of his former boss, Internal Revenue Service Acting Commissioner Kevin M. Brown plans to leave the IRS in mid-September to become chief operating officer of the American Red Cross.

Nearly 55,000 tax-exempt organizations owed close to $1 billion in unpaid payroll and other federal taxes as of last September, according to a report released by the Government Accountability Office.

CCH has appointed Gene McGovern as vice president of tax and accounting publishing, replacing Catherine Wolfe, who was named U.K. CEO of the publisher's parent company, Wolters Kluwer, earlier this year.

Remember the old days? Forms shipped off to service bureaus? Is it possible that manual data entry will seem as quaint within a few years?

After the release of a stinging report criticizing the Internal Revenue Service for shutting down the TeleFile program, leading members of the Senate Finance Committee lashed out at the IRS's decision.

Accounting firm BDO Seidman saw its revenue increase $31 million to $589 million in the fiscal year ended June 30, 2007.

Members of Congress have been calling for raising taxes on the profits of private equity firms and hedge funds, along with taxing the incomes of their top managers at the same rate as managers of corporations.