WebCPA Staff

Creighton University accounting and law professor Thomas J. Purcell III received the American Institute of CPAs’ 2010 Arthur J. Dixon Memorial Award, the highest award given by the accounting profession in the area of taxation.

India is scheduled to begin using International Financial Reporting Standards in less than six months, but the country may be making several key changes in the standards prior to the rollout.

The Internal Revenue Service has canceled a planned auction of rap singer Young Buck’s valuables after his attorney filed suit to stop the sale of the property seized from his client’s home during a raid last August.

A new report by the Government Accountability Office uncovered hundreds of allegations of physical abuse, neglect and financial exploitation by guardians in 45 states and the District of Columbia between 1990 and 2010.

College seniors who graduated in 2009 carried an average of $24,000 in student loan debt, up 6 percent from the previous year, according to a new study.

The Internal Revenue Service’s comparative study of its private debt collection program was not designed soundly enough to support its decision to discontinue contracting out debt collection to private companies, according to a new report by the Government Accountability Office.

IRS Commissioner Doug Shulman indicated that the IRS is continuing to refine its new requirements for tax preparer registration, testing and continuing education, and announced that the IRS would waive the requirement for continuing education in the first year of implementing the new program, as well as set up a new office at the IRS dedicated to tax return preparers.

Businesses that have developed complex networks of related trusts and partnerships to evade taxes are making it difficult for the Internal Revenue Service’s efforts to close the tax gap, according to a new government report.

Greatland, a leading provider of W-2 and 1099 products, has sealed a partnership with Steve Strauss, senior business columnist at USA Today and author of The Small Business Bible, to contribute content to the company's new Small Business Center.

The Internal Revenue Service released information Tuesday on the procedures that foreigners and U.S. citizens without a Social Security number because of religious objections can use to register as tax preparers.

A federal judge has ruled in favor of Amazon.com after the Seattle-based e-commerce giant sued to stop the North Carolina Department of Revenue from collecting personally identifiable information about its customers that could be linked to their purchases.

Grant Thornton has appointed Stephen Lukens of IBM as its new advisory services leader.

The Accountancy and Actuarial Discipline Board in the United Kingdom has begun an investigation of KPMG’s U.K. firm for its audits of British Aerospace and BAE Systems Group.

Craig Shaber, a practicing attorney from San Diego, has pleaded guilty to tax evasion in a case involving a series of shell companies that he set up with an accountant who pleaded guilty last year.

Vertex Inc. has introduced Vertex Enterprise, a software product spanning the corporate tax management process, from data acquisition to audit defense.

Nearly half the senior executives polled in a recent survey said they are most concerned about the prospect of providing a concise description of the uncertain tax positions of their companies to comply with the Internal Revenue Service’s new disclosure requirements.

An Idaho State Tax Commission official has informed a family that their children’s roadside pumpkin stand violates the law and needs to be closed.

The Justice Department has dismissed tax fraud charges against UBS after the Swiss bank complied with a deferred prosecution agreement that it signed last year.

Accounting and finance employees are feeling less confident in the economy and the job market, but optimism about their own personal employment situation has increased, according to a new survey.

President Barack Obama accused the Republican leadership in Congress of vowing to repeal the financial reform bill as the midterm elections approach next week.