WebCPA Staff

Los Angeles Lakers forward Lamar Odom has filed suit against the Internal Revenue Service because it would not allow him to deduct $12,000 in fines and $127,000 for fitness training.

Nearly 99 million individuals filed their federal income tax returns electronically during 2010, a 3 percent increase in the IRS e-file rate, mainly due to taxpayers who prepared and filed their own taxes from their home computers.

Cougar Mountain Software said its CMS Professional 2011 accounting software product line has been officially validated to allow customers to process, store, and transmit credit and debit card data safely and securely and remain PCI compliant. 

H&R Block released an update on its lawsuit against its refund anticipation loan provider, HSBC, saying the two have been “in discussions.”

CEOs of accounting institutes from around the world met at the World Congress of Accountants in Malaysia, where they discussed the need for companies to report on non-financial results in areas such as social and environmental activities.

Homeowners making energy-saving improvements this fall can cut their winter heating bills and lower their 2010 tax bill as well.

An international monitoring group overseeing accounting standard-setters has issued a report that found the International Federation of Accountants has carried out a series of reforms in recent years, but outlined some steps it should pursue in the future.

RSM McGladrey and McGladrey & Pullen have named four new leaders for various industries.

Small business employment growth and compensation picked up in October with a strong uptick in hours worked, according to a new payroll report from Intuit.

The bi-partisan panel appointed in February by PresidentObama and charged with reducing the mammoth U.S, deficit, has released a draftproposal calling for billions in spending cuts as well as overhauling the taxcode in an effort to cut U.S. debt down to 60 percent of GDP by 2024.