The Latest

The U.S. House of Representatives voted to let taxpayers deduct state sales taxes on their federal returns, a victory for residents of Texas, Florida and other states that lack an income tax.

Accountants’ top technology-related priority is preventing security threats, according to the 25th Anniversary North American Top Technology Initiatives Survey.

The Public Company Accounting Oversight Board has entered into a cooperative arrangement with the Auditors’ Public Oversight Authority of the Ministry for the National Economy of Hungary to oversee audit firms subject to both regulators’ jurisdictions.

A new study of consumer spending of tax refunds finds a correlation between how the refunds are perceived and whether taxpayers opt to spend the money right away or save it for later.

The U.S. House voted to repeal the 99-year-old U.S. estate tax amid a partisan clash over whether the government should break up concentrated wealth or make it easier to pass along assets to the next generation.

Faced with steep budget cuts, the Internal Revenue Service directed more taxpayers to consult Web sites and its mobile app for answers to their questions this year rather than visiting the IRS’s walk-in Taxpayer Assistance Centers or calling its phone lines, while also using technology to detect tax refund fraud.

Decreases in inflation, personal taxes, and underemployment have lifted Americans’ overall financial satisfaction further into positive territory, according to the Q1 2015 PFSi (Personal Financial Satisfaction Index) released today by the AICPA.

Ernst & Young LLP agreed to pay $10 million to settle New York’s lawsuit accusing it of helping Lehman Brothers Holdings Inc. hide financial problems in the years leading to its 2008 collapse.

Small businesses are benefiting from the improving economy, and both hiring and access to credit have been picking up in recent years, even though there have been some recent slowdowns.

Through its NextGen Initiative, TD Ameritrade Institutional will be working to bring younger talent and greater diversity to the registered investment advisor (RIA) industry. Including its annual scholarships, grants and a long-term sponsorship agreement with Texas A&M University, TD Ameritrade Institutional plans to invest $2 million toward helping attract next generation talent and raising awareness of the RIA industry on campuses across the country.