The Latest

Gumbiner Savett, a Santa Monica-based full-service accounting, taxation and consulting firm, recently congratulated Danny Vivier, the recipient of the "UCLA Department of Economics - Gumbiner Savett Inc. Endowed Undergraduate Prize for 2014-2015."

Popular at times in the past, but perhaps out of favor more recently, QPRTs (Qualified Personal Residence Trusts) may be an idea whose time has returned.

The head of a Senate investigative subcommittee said he plans to look into problems with the health insurance marketplaces set up for the Affordable Care Act that forced many taxpayers to owe some of the tax credit money they had received for buying health insurance.

The owner of a business that provided notary and tax preparation services in Camden, N.J., has pleaded guilty to filing false personal tax returns.

The Internal Revenue Service and the Justice Department have decided to dismiss a case against a North Carolina small business owner from whom they had seized $107,000 in a controversial practice known as civil asset forfeiture.

The Securities and Exchange Commission has appointed Wesley R. Bricker as deputy chief accountant overseeing the accounting group in the agency’s Office of the Chief Accountant, replacing Dan Murdock, who is leaving the SEC for a job in the private sector.

The “job creators” are fighting back on tax policy—against their Republican allies.

The AICPA released a Six-Point Plan to Improve Audits on Thursday that provides a roadmap for the profession’s continued journey to improving audit performance in an increasingly changing business world. The plan concentrates on financial statement audits for private companies, employee benefit plans and governmental entities in the United States.

With Millennials surpassing Baby Boomers as the largest living generation this year, more and more businesses are concerned with how to connect with Millennials and retain them as customers.

The Internal Revenue Service estimates that 27 percent or $17.7 billion in Earned Income Tax Credit payments were issued improperly in fiscal year 2014, according to a new government report.