WebCPA Staff

The Internal Revenue Service has appointed tax attorney Michael Danilack as deputy commissioner (international) of the IRS’s Large and Mid-Size Business Division.

President Barack Obama ordered the Treasury Department, the Office of Management and Budget, and other federal agencies to block contractors who are seriously delinquent in their taxes from receiving new government contracts.

A new study shows that the majority of Americans think wealth is beyond their reach and it won’t be easier to get rich any time soon.

Many wealthy Americans are rethinking their vision of retirement planning, according to a new survey of the affluent.

Actor Nicolas Cage said he plans to pay the IRS about $14 million in back taxes.

SunGard has introduced MyWealthSeries, a set of online financial planning tools that advisors can offer their clients and prospects from their own Web sites.

Calvetti, Ferguson & Wagner, P.C., a CPA and business advisory firm specializing in tax, audit and advisory solutions, sealed a partnership with global transactional concern Verse Consulting that will bolster its international tax offerings to mid-market companies.

Staffing company Robert Half International has introduced a set of online salary calculators for a number of industries, including accounting and finance.

The International Accounting Standards Committee Foundation has published a set of training material on International Financial Reporting Standards for Small and Midsized Entities, the streamlined set of accounting standards for private companies issued last year.

The American Institute of CPAs is asking CPAs and others to donate money to help the victims of last week’s devastating earthquake in Haiti.

The Securities and Exchange Commission has approved a new auditing standard that aims to toughen the requirements for concurring reviews of the work of audit teams.

A bipartisan group of lawmakers in Congress plan to introduce legislation that would allow individuals who make charitable contributions to help victims of the earthquake in Haiti to claim an itemized charitable deduction on their tax return this year instead of waiting until next year.

The Internal Revenue Service took the right steps when it shut down its controversial private debt collection program last year, a government report concluded.

A new global survey by the International Federation of Accountants revealed that its members acted as advocates for small and midsize businesses, and for corporate governance and accounting reform, during the financial crisis.

The Internal Revenue Service has released the new form that eligible homebuyers need to claim the First-Time Homebuyer Credit this tax season and said that processing of those tax returns will begin in mid-February.

Many companies are getting a jump on preparing for adoption of interactive data-tagging technology on their financial statements, even before they are subject to SEC requirements.

As Wall Street firms prepare to hand out record levels of bonuses, a group of lawmakers on Capitol Hill have co-sponsored a bill that would slap a 50 percent tax on many of the bonuses.

AccuFund has released the latest version of its accounting software suite for nonprofit, municipal and government organizations, including new usability, reporting and e-mail features.

CCH has published a Special Tax Briefing on the IRS’s new program for registering, educating and testing paid tax preparers.

The White House has reportedly cemented a deal with labor union leaders scaling back the tax on so-called “Cadillac” health insurance plans.