WebCPA Staff

Financial Executives International has filed a “friend of the court” brief in support of a petition for review of the U.S. v. Textron case, involving the IRS’s right to examine the tax accrual work papers of a company.

A measure of the overall confidence of accounting and finance employees dipped slightly in the fourth quarter.

A free guide for CPAs to sales and use tax has been released by sales tax technology provider SpeedTax.

Nearly two-thirds of business professionals hailing from a wide range of industries felt that the Fraud and Investment Recovery Act would be effective in boosting the total dollar amount the government will be able to recoup under the False Claims Act.

The American Institute of CPAs is offering a CPA-oriented guide on Roth IRA conversions now that the old $100,000 income limit for converting a traditional IRA to a Roth IRA no longer applies.

CCH has introduced an AutoCheck Disclosures Checklist tool for its Accounting Research Manager online service that aims to simplify the process of preparing financial statement disclosures.

Nicolas Cage’s former Las Vegas home, which had been foreclosed on in the wake of the actor’s tax troubles, has been sold for approximately $4.95 million, according to his real estate broker.

President Barack Obama and Vice President Joe Biden previewed some of the major themes in the president’s upcoming State of the Union address, including a proposal to increase some tax credits for middle-class families.

The Internal Revenue Service listed the guidelines for the tax deductions that taxpayers can take for the contributions they make toward Haiti earthquake relief this year.

LarsonAllen has merged in Chicago-based accounting firm Africk Chez, building the Minneapolis-based firm’s presence in the Windy City.

An IRS advisory subcommittee is testing a compliance checklist for state and local government employers, asking questions about tax withholding, fringe benefits, retirement plans and other matters.

The eligibility period for COBRA subsidies for laid-off workers has been extended through February, with 15 months of subsidy available now to those who qualify.

Switzerland’s Federal Administrative Court has ruled that the agreement for UBS to disclose the identities of 4,450 U.S.-based taxpayers to the IRS violates the country’s banking secrecy laws.

The Illinois CPA Society has introduced a “Find a CPA” feature on its Web site in time for tax season.

The American Institute of CPAs has given its 2009 Personal Financial Planning Distinguished Service Award to financial advisor Beth Gamel.

BMG CPAs LLP has created iDonatedIt, an iPhone and iPod Touch application that calculates, tracks, and reports non-cash charitable donations.

Jim Barrett has been named managing partner of accounting firm Meyers Brothers Kalicka.

Accounting and consulting firm WebsterRogers has opened offices in Columbia, S.C., after acquiring the CPA practice of Finch, Hallbick & Co., whose principals have provided services in Columbia for over 40 years.

Liberty Tax Service has taken a cue from the Subway sandwich shop chain and hired a “Jared-like” customer as the official spokesman for its eSmartTax.com online tax prep service.

The International Public Sector Accounting Standards Board has published three new standards that cover all aspects of the accounting for and disclosure of financial instruments in the public sector.