WebCPA Staff

John Blahnik, the former treasurer and vice president of treasury, mergers and acquisitions at auto parts maker Delphi Corp., agreed to pay $100,000 to settle accounting fraud charges with the Securities and Exchange Commission.

Senate Finance Committee chairman Max Baucus, D-Mont., has begun an investigation of the tax status of earnings by Prudential Financial on survivor death benefit accounts for life insurance policies it sold to members of the armed services.

Sage reseller Blytheco LLC has acquired SFA Technology, a Denver-based SalesLogix reseller and customer relationship management consultant.

Internal Revenue Service Commissioner Doug Shulman said Friday that the IRS has been listening to complaints about its plans to require companies to disclose their uncertain tax positions and is relaxing some of the original proposals while phasing in the schedule over five years.

Playoff PAC, a group that opposes the college football Bowl Championship Series, has filed a 27-page legal complaint with the Internal Revenue Service against bowl organizations affiliated with the BCS.

Senate Democrats have decided to wait until after the mid-term election in November to hold a vote on legislation to extend the Bush tax cuts of 2001 and 2003, which are due to expire at the end of this year.

The Senate Finance Committee held hearings Thursday on tax reform and the lessons learned from the Tax Reform Act of 1986 in the wake of a recently published report from a presidentially appointed panel.

The House passed a bill that will provide $12 billion in tax breaks and a $30 billion lending fund to small businesses by a party-line vote of 237-187.

Congressional Republicans introduced their “Pledge to America” during an event at a lumber store in Sterling, Va., with a document laying out promises to cut taxes and hold down government spending.

Gene Dodaro, who has filled the post of acting comptroller general of the Government Accountability Office for two-and-a-half years, has been nominated by President Obama as the official comptroller general.

The Internal Revenue Service’s Modernized e-File system is facing “significant challenges” processing individual tax returns, according to a new government report.

SourceMedia, Accounting Today’s publisher and a media company serving the financial services industry, has launched a professional education and training business to provide digital training to professionals and companies.

Small business owners are much more pessimistic than the average voter about the national economy and Washington’s attempts to solve problems, according to a new poll.

The Senate Finance Committee held hearings Wednesday on the effects of tax and fiscal policy on the military and veterans and how those could be alleviated through the Tax Code.

Louisiana accounting firm LaPorte Sehrt Romig Hand CPAs plans to expand its presence to Texas by merging in Houston CPA firm Hidalgo Banfill Zlotnik & Kermali PC.

Thomson Reuters has created a new governance, risk and compliance business unit bringing together its Complinet, Paisley, Westlaw Business, West’s Capitol Watch, Oden and Westlaw Compliance Advisor brands.

The Tax & Accounting business of Thomson Reuters has made available a new on-demand tax calculator as well as new features on its Checkpoint Learning service, including a corporate curriculum and integration with ONESOURCE.

Three new firms have joined RSM McGladrey’s Firm Foundation alliance.

The Internal Revenue Service’s collections staff did not always take the right actions before giving up on collecting some types of unpaid employment taxes, according to a new government report that encourages the IRS to do more follow-up.

BNA has introduced an online tax research library with information on the latest state sales and use tax information.