“Businesses and tax-exempt organizations generally have more varied phone usage patterns than individuals,” Internal Revenue Service (IRS) Commissioner Mark Everson explained in a statement announcing a formula businesses and tax-exempt organizations can use to estimate their federal telephone excise tax refunds. “The IRS has met with a number of businesses and tax-exempt organizations to understand their concerns.

The Internal Revenue Service (IRS) offers employers guidance for responding to a National Medical Support Notice (NMSN).

After a marked decline in the three weeks following September 11, 2001, healthcare claims rose above expected levels, according to a new report providing a comprehensive picture of healthcare usage in the New York City region in the months following the terrorist attacks.

A new accounting standard has states and local governments worried about their ability to borrow money, while employees fear their benefits may be cut.Advertisement

Lawmakers are pushing to eliminate penalties for seniors who failed to enroll in the new Medicare prescription drug benefit by the May 15 deadline.Tens of thousands of seniors hustled to call Medicare's customer service operators or enroll online before the midnight cut-off time, but many were so overwhelmed by the complexity of Medicare Part D and the variety of choices available, that they couldn't make a decision.

A new survey from the American Institute of Certified Public Accountants (AICPA) indicates that the vast majority of CPA’s in executive positions, such as corporate chief executive officers (CEOs), chief financial officers (CFOs) and Controllers, believe American companies can’t continue providing pensions that adequately cover their employees’ retirement years.

Looking forward to taking the glasses off and going back to the contact lens after tax season? Some extra caution may be in order. Recently, there has been a spike in dangerous fungal eye infections, and while the precise source remains a mystery, federal health officials have linked it to Bausch & Lomb, Inc.’s popular ReNu(R) with MoistureLoc, according to the Associated Press.On Thursday, Bausch & Lomb voluntarily asked retailers across the nation to temporarily remove bottles of ReNu contact lens solution from their shelves.

The Centers for Medicare and Medicaid Services (CMS) have a new financial management system that has generated $9 million in interest for the Medicare trust fund in just seven months. Mark McClellan, CMS administrator told Government Health IT, the new system also allows for more accurate reimbursements and faster reporting.

The Governmental Accounting Standards Board (GASB), in February, published a proposed staff Technical Bulletin intended to clarify the proper reporting of payments that an employer, or defined benefit other postemployment benefit (OPEB) plan, receives from the federal government under Medicare Part D.