Practice management

Deloitte’s consulting arm has acquired Ubermind, a Seattle-based agency that helps companies develop and use mobile applications.

The Internal Revenue Service opened the 2012 tax season on Wednesday by extending the tax-filing deadline until April 17.

A trio of Swiss bankers has been charged with conspiring to help with U.S. taxpayers hide more than $1.2 billion in assets from the Internal Revenue Service.

While all Preparer Tax Identification Numbers from last tax season expired on December 31, the Internal Revenue Service said its PTIN system would continue to accept renewals after the deadline.

H&R Block kicked off tax season Tuesday with a new service that allows its tax preparers and clients to meet in real-time via videoconference.

IMGCAP(1)]The world of professional services is changing.

This issue of Generational Viewpoints features two individuals from Kennedy and Coe llC (www.kcoe.com), a Salina, Kan.-based top 100 firm with over 200 professionals. Generation X member Jeff Wald, born in 1972, and Baby Boomer chief executive Kurt Siemers, born in 1948, shared their responses to the following question:

When Elizabeth Taylor died last year, she left a legacy of iconic movie performances, philanthropy, and lots and lots of diamonds. It was among these incredible baubles at Christie's auction house, where they have since been sold for astronomical sums, that members of global women's network 85 Broads convened to ask the popular question: Where are all the women?

Year-end planning is now behind us. Many believe that the failure of the joint congressional committee to reach a deficit reduction agreement pushes fundamental tax reform off at least until after the 2012 elections. Some tax changes are still possible with respect to jobs promotion and extending expiring provisions, but those efforts will be primarily focused on 2012. So, what do we know now about what is new for the 2011 tax return filing season?

IRS E-FILING SYSTEM REMAINS ERROR-PRONE

There are more than 60 tax provisions that expired at the end of 2011, according to the Joint Committee on Taxation.

IMGCAP(1)]Job creation! More U.S. exports! Reduce taxes!

Better controls are needed to ensure tax preparers filing electronically are complying with new preparer regulations, according to a report released Thursday by the Treasury Inspector General for Tax Administration.

IMGCAP(1)][IMGCAP(2)]Valuation, by its very nature, is an exercise in judgment.

The IRS has issued new temporary taxpayer guidelines in the Federal Register to help clarify the difference between a business expense that is classified as a repair and therefore tax deductible and a capital improvement.

Washington, D.C. - The Internal Revenue Service announced the selection of seven new members to the Internal Revenue Service Advisory Council, which provides an organized public forum for IRS officials and representatives of the public to discuss key tax administration issues.

IMGCAP(1)]California now has the nation's most punitive laws against worker misclassification.

A new federal court case is demonstrating the depth of information the IRS is seeking - and getting - from states regarding the financial affairs of residents.

GOP lawmakers are questioning how senior citizen nonprofit concern AARP can bypass millions in tax levies despite the group's control over, and approval of, products sold by private firms.