The Latest

Thirteen community organizations have written a letter to IRS Commissioner John Koskinen asking the IRS to investigate whether the Walmart Foundation qualifies as exempt under Section 501(c)3 of the Tax Code.

WeiserMazars, the accounting, tax and advisory services firm, recently completed its first "Days of Service" – a volunteer initiative that encourages employees to devote a full work day to assisting local service agencies. The Days of Service initiative is part of the firm’s We Are WeiserMazars program that looks to build employees’ personal and professional growth through the "tenants of association, respect and excellence."

Senators Chuck Grassley, R-Iowa, and John Thune, R-S.D. introduced legislation to improve customer service at the Internal Revenue Service, create new taxpayer protections, and update and strengthen existing taxpayer protections.

The conversation about learning for accounting professionals seems to be picking up steam.

The Internal Revenue Service has released final regulations on the portability of a deceased spousal exclusion amount for surviving spouses facing estate and gift taxes.

ATAX, a Latino-owned tax preparation, bookkeeping and payroll services franchise company, reported Monday that the 2015 tax season was its strongest since it began franchising in 2007.

Avalara has acquired VAT Applications NV, Belgium-based developer of the iVAT suite of VAT compliance software and services, in the company's latest move to expand their global presence

The Securities and Exchange Commission has upgraded its EDGAR online system for financial filings and will no longer support an older version of the U.S. GAAP financial reporting taxonomy.

Rep. Jason Chaffetz, R-Utah, and a bipartisan group of lawmakers have teamed up to introduce new legislation that aims to make it easier for states and localities to collect sales taxes on online purchases and other remote transactions.

The National Society of Accountants has created a Tax Practitioners Bill of Rights.