The Latest

The Internal Revenue Service urged tax professionals and taxpayers to use the free, multi-factor authentication feature offered on tax prep software, as nearly two dozen firms reported data thefts so far.

Failure to disclose a lack of independence or a conflict of interest can open the door for potential liability and litigation for both the accounting firm and its clients.

Tax-preparation software companies face headwinds for the revenue they get from each tax return this year due to the combined effect of a rising mix of free filings and lower need for services that assist do-it-yourself filers, according to Morgan Stanley.

The number of tax refunds issued so far this tax season is down almost 5 percent compared to last year, an indication that many Americans didn’t withhold enough from their paychecks and could face bills from the IRS.

Mark Zuckerberg for the first time said he supports efforts to create a global digital tax that would ultimately raise the amount Facebook Inc. pays to foreign countries, in a move that may boost efforts to put a new levy in effect by year-end.

EisnerAmper names three to newly created vice chair roles; Holthouse Carlin & Van Trigt adds nine partners; and more personnel news.

Massachusetts Society of CPAs, AICPA team up for “Bridging the Gap” diversity and inclusion series; NJCPA opens nominations for Ovation Awards; and more CPA news.

The White House’s latest budget blueprint proposes consolidating the functions and responsibilities of the Public Company Accounting Oversight Board into the Securities and Exchange Commission starting in 2022.

Sen. Ron Wyden, D-Ore., the top Democrat on the Senate Finance Committee, and Sen. Sherrod Brown, D-Ohio, have introduced legislation to block the Treasury Department from providing a way for multinational corporations to choose the lowest available tax rate.

Numbers game; we have a loser; scrapped; and other highlights of recent tax cases.