The Latest

The House Judiciary Committee said Friday that it will hold two committee hearings to examine misconduct by the Internal Revenue Service Commissioner John Koskinen. The hearings could lead to impeachment proceedings.

Registration for the Accreditation Council for Accountancy and Taxation (ACAT) exam - given to those wishing to obtain ACAT Accredited Business Accountant/Advisor (ABA), Accredited Tax Preparer (ATP), and Accredited Tax Advisor (ATA) credentials - is now open for registration, the Council announced on Friday. The Spring/Summer exam testing window for 2016 will be June 10-July 30, with a registration deadline of June 1, 2016.

The American Institute of CPAs is asking the Internal Revenue Services to make some changes to a form that tax-exempt groups use to report on transactions with “interested persons.”

The gender discrimination class-action lawsuit against KPMG has grown, with five new named plaintiffs accusing the Big Four firm of denying promotions to women and penalizing them for taking maternity leave.

The Financial Accounting Standards Board is proposing to simplify the test for goodwill impairment for public companies and nonprofits similar to recent accommodations it made for private companies.

The global fight against corruption should focus on major jurisdictions rather than bullying small territories, the heads of government of two tax havens told world leaders.

The Department of Finance, Insurance, and Law at Illinois State University’s College of Business announced last week the launch of their Institute for Financial Planning and Analysis, with professor of finance Edgar Norton named the Institute's director.

Highlights of some of our favorite tax-related blogs from the past week.

Thomson Reuters released a special report, What to Do If Your Client is a Victim of Tax-Related Identity Theft, providing guidance for tax professionals advising victims of ID theft.

Former billionaire Sam Wyly may have been hoping for a better outcome on his home turf as a Texas judge weighed tax-evasion claims related to the fraud trial he lost in New York two years ago. He didn’t get it.