The Latest

Word that the U.S. Marine Corps had passed an audit of its books was such a cause for celebration that a ceremony was staged last year in a Pentagon hall usually reserved to honor battlefield bravery.

If the beneficiary of a deceased owner of an individual retirement account fails to comply with the post-death required minimum distribution rules and the other post-death IRA distribution rules, then the beneficiary can be subject to penalties from the Internal Revenue Service.

Congress has effectively overruled the Supreme Court by extending the time period for auditing certain types of tax returns.

TaxBuzz, an online directory of tax professionals, has released a new service to help its users verify their providers' identity and trustworthiness.

Thomson Reuters announced the integration of its ONESOURCE Indirect Tax solution with commerce platform Hybris.

The New York State Society of CPAs has asked the Internal Revenue Service to make some long-overdue revisions in Form 990-PF, the tax form used by private foundations.

Thomson Reuters has introduced the Checkpoint Learning Forensic Accounting Certificate Program for CPAs and other accounting and audit professionals to help them build competencies in forensic investigation, related process, and litigation support while earning continuing professional education credits.

Small business employment growth has remained relatively stable for the second month in a row, according to payroll service giant Paychex.

Microsoft Corp.’s stockpile of offshore profits rose to $108 billion, with a 17 percent increase over the past year as the company continues reaping profits in low-tax foreign jurisdictions.

Deepening its health care industry practice, Top 100 Firm, Doeren Mayhew, has acquired the Farmington, Mich.-based dental CPA firm, Davis and Davis.