Practice management

A federal appeals court has affirmed a Tax Court ruling in favor of a couple who had asked the Internal Revenue Service to sell their shares of stock to pay the money they owed for failing to report income from a check-cashing scheme.

SIB Development & Consulting has formed a strategic partnership with BookKeeping Express to offer SIB’s services for reducing businesses’ monthly expenses through BookKeeping Express’s 30-plus franchise locations.

Enterprise Worldwide and Acuity Capital are teaming up to help CPA firms offer merger and acquisition intermediary services in their practices.

Government entities that didn’t comply with the tax laws received different terms in the agreements they reached with the Internal Revenue Service to resolve their tax issues, according to a new report.

The Internal Revenue Service has issued letters denying tax-exempt status to three unidentified political groups that had applied for the exemption as Section 501(c)(4) groups.

The so-called “cut, cap and balance plan” legislation that passed the House would require the passage of a Balanced Budget Amendment to the U.S. Constitution that would mandate a two-thirds supermajority to approve any future tax increases.

A bipartisan group of senators that has been meeting on and off for months to hammer out a budget deficit reduction plan appears to have reunited and gained support on both sides of the aisle for a plan to reduce the budget deficit by $3.7 trillion over 10 years.

The Internal Revenue Service intends to stop authorizing the high-low per diem method for substantiating lodging, meal and incidental expenses that can be incurred when traveling away from home.

An estimated 32,552 taxpayers may have been harmed because the Internal revenue Service did not follow legal requirements to notify them and their representatives of their rights related to tax liens in a timely fashion, according to a new government report.

Senator Tom Coburn, R-Okla., has proposed a deficit reduction plan estimated to save $9 trillion over the next 10 years by slashing hundreds of government programs, but also increasing taxes in some areas.

The Internal Revenue Service is asking for comments on continuing education providers under its tax return preparer regulation program.

IMGCAP(1)]I came into the financial industry through ad agencies in the 1980s. Back then, I was the head marketing writer for a large national financial firm. So, I’ve got a pretty broad and extensive background. Does that experience qualify me to manage your marketing? No.

The New York State Society of CPAs told the Internal Revenue Service that its upcoming exam for non-CPA tax practitioners should include a section in which exam takers are asked to prepare a sample 1040 return.

Credit Suisse said it has become a target of a Justice Department investigation into its private banking business.

A new bill from a pair of Democratic senators would eliminate a tax break on corporate stock options.

The Internal Revenue Service advised truckers and other owners of heavy highway vehicles that their next federal highway use tax return, usually due Aug. 31, will instead be due on Nov. 30, 2011.

Ernst & Young has launched a new Web site to assist financial institutions in complying with the new U.S. tax regime under the Foreign Account Tax Compliance Act.

Balance Financial, a consumer finance software and services company, has introduced a set of bookkeeping products and services called Balance Certified Pro.

A federal court has permanently barred Howard Musin, his wife Jill Schwartz-Musin, who formerly worked as an IRS special agent, and their three companies from preparing federal tax returns for others.