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Credit Suisse Group AG is close to resolving a U.S. tax-evasion probe with an agreement that might include a penalty of more than $1 billion, after creating a separate entity last year to house the businesses involved.
May 6 -
KPMG LLP has acquired a majority of assets of the restructuring advisory firm BBK.
May 6 -
Brager Tax Law Group is sponsoring a contest with the goal of educating tax professionals and taxpayers about the complicated rules surrounding foreign bank account reports.
May 5
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Service line diversification might be on your mind and it should be.
May 5 -
Carr, Riggs & Ingram LLC has acquired Auditwerx, a CPA firm specializing in performing auditor assurance engagements to meet regulatory or customer compliance needs for service companies.
May 5 -
The Internal Revenue Services Office of Professional Responsibility has disbarred a former Massachusetts CPA and attorney for falsely claiming to be a CPA on power of attorney forms that he submitted to the IRS even after his CPA license had been revoked.
May 5 -
Randall Hogan chairs the Federal Reserve Bank of Minneapolis. Sandy Cutler ran the Greater Cleveland Partnership. Tony Petrello donated $5 million to the Texas Childrens Hospital.
May 5 -
The Internal Revenue Service said it would regard 2014 and 2015 as a transition period for purposes of IRS enforcement and administration of the Foreign Account Tax Compliance Act, or FATCA, for banks that have made a good-faith effort to comply.
May 2 -
In a decision at odds with five other circuit courts, the Tenth Circuit quashed IRS summonses that were issued after the 23-day notice requirement of Section 7609(a)(1) of the Tax Code. As a result, the issue could be ripe for Supreme Court review.
May 2 -
Eighty-one percent of U.S. CEOs believe the current international tax system needs to be reformed, according to a new survey by PricewaterhouseCoopers,
May 2
