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Write-downs and losses likely to continue as companies struggle to understand the rules.
June 12 -
CPA firms are prioritizing the need to attract new business and recruit top-notch staff as economic conditions improve, according to a new survey by the American Institute of CPAs.
June 11 -
The Internal Revenue Service filmed a Mad Men-themed continuing professional education video last year featuring an actor patterned after the Don Draper character in the popular AMC cable TV series.
June 11 -
The Swiss and U.S. governments have signed a memorandum of understanding on interpretations of their agreement on implementing the Foreign Account Tax Compliance Act, or FATCA.
June 10 -
The subsidiary of Deloitte Financial Advisory Services LLP, Deloitte Corporate Finance LLC, has acquired the advisory-focused investment bank, McColl Partners LLC. Terms of the acquisition were undisclosed.
June 10 -
Bloomberg BNA has begun a joint initiative with Tax Materials, the producers of the tax reference book series TheTaxBook, to include content from TheTaxBook in Tax Prep Guides that will be offered as part of Bloomberg BNAs Tax Practice Series.
June 10 -
New York Yankees co-owner and managing partner Hal Steinbrenner prevailed in a lawsuit brought by the Internal Revenue Service seeking to recover $670,494 from what the government alleged was an unwarranted tax refund.
June 10 -
The Internal Revenue Service, under a congressional microscope for conference spending and improper scrutiny of small-government groups, has fired fewer workers for misconduct this year than at any time since 2002.
June 10 -
Rep. Elijah E. Cummings, D-Md., the ranking Democrat on the House Committee on Oversight and Government Reform, has sent a letter to committee chairman Darrell Issa, R-Calif., urging him to stop making unsubstantiated allegations about the IRS Tea Party targeting scandal being traced back to the White House.
June 10 -
The Internal Revenue Service reminded tax professionals Monday that its offices will be closed on June 14, July 5, July 22 and August 30 due to the current budget situation, and the closure will also affect the IRSs Modernized eFile System.
June 10