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A federal court in Chicago has ordered Servicios Latinos Inc. to close its nationwide tax preparation business.

Charles Munger just burned through another auditor.

Husson University’s College of Business, in Bangor, ME, announced this week that their accounting students will be donating their time to help others file their appropriate state and federal tax forms by this year's deadline. Qualifying individuals must have an income of less than $62,000 per year for the pro bono service.

Audit committees need to have oversight of risks to their organizations from third parties such as suppliers, distributors, sales people and service providers, according to a new report.

Make sure your staff is equipped with “soft skills.”

International Integrated Reporting Council CEO Paul Druckman plans to step down this year.

The IRS urged tax professionals in an email Wednesday to verify their Electronic Filing Identification Number activity to safeguard against tax fraud.

The Internal Revenue Service has begun conducting on-site inspections of tax preparers who continue to have problems with verifying their clients’ eligibility for claiming the Earned Income Tax Credit, and warned that the penalty has increased.

Global education and test prep company Kaplan announced on Wednesday the launch of their U.S. Global Leadership and Professional Development Practice at a New York kick-off event, attended by business leaders from the banking, finance and accounting sectors.

DSD Systems has acquired the Sage 100 Extended Solutions library of business technology solutions and services provider SWK Technologies.