Funny ideas: Preparers discuss clients’ misconceptions

Many tax pros feel like they’re not getting enough respect.

Treasury and IRS delay anti-inversion earnings-stripping documentation rules

The Treasury Department and the Internal Revenue Service have delayed implementation of the Obama administration’s Section 385 documentation regulations for discouraging corporate tax inversions and earnings stripping until 2019.

The most common misconceptions about tax preparers

Clients often don’t understand the practitioners who file their returns.

Product News: ReportAmigo upgrades reporting software

Workiva earns a big California customer, and Bestborn joins Microsoft Dynamics Inner Circle.

XBRL makes progress globally

Extensible Business Reporting Language, the data-tagging code now required by the Securities and Exchange Commission for filing financial statements, has been making headway not only in the U.S., but in other parts of the world.

Best practices for valuing contingent considerations

Contingent consideration, also referred to as an earnout, is commonly used to bridge a valuation gap, provide continuing incentive to business sellers or account for the achievement of technical or other milestones.

Irish accountant organizations combine

CPA Ireland is absorbing the membership of the Institute of Incorporated Public Accountants as two of Ireland’s largest accounting professional bodies agreed to a permanent collaboration.

People on the move: KPMG hires team of transfer-pricing vets

RSM appoints Boston office partner; Weaver promotes seven to partnership; and other recent hires, promotions and personnel news from firms across the country.

Tax Fraud Blotter: Doctored books

Stolen ID scams; an embezzler sentenced; and other highlights of recent tax cases.

Obamacare repeal collapses as Senate GOP blocks health bill

A months-long effort by Senate Republicans to pass health legislation collapsed early Friday after GOP Senator John McCain joined two of his colleagues to block a stripped-down Obamacare repeal bill.