The Latest

Barclays Plc and Deutsche Bank AG face scrutiny over their sale of products to a hedge-fund manager that allowed it to skirt borrowing limits and avoid taxes, according to people with knowledge of the matter.

The U.S. Justice Department is investigating the loss of more than two years of e-mails from an Internal Revenue Service employee at the center of a controversy over how the agency handled Tea Party groups.

Washington is buzzing this summer about inversions, and the chatter has nothing to do with the weather.

The Internal Revenue Service has issued final regulations to provide guidance on the allocation and apportionment of interest expense by corporations that own a 10 percent or greater interest in a partnership, along with the allocation and apportionment of interest expense using the fair market value method.

Thomson Reuters has released the 2014-2015 edition of its Tax Planning Guide, which accountants and tax professionals can distribute to their clients and prospects.

U.S. Wealth Management president and CEO John Napolitano discusses how accountants should take charge of the various advisors that their clients deal with and coach them, in an interview with Accounting Today editor-in-chief Dan Hood.

One of the most closely watched and discussed issues in Washington this year is tax reform.

The Financial Accounting Standards Board voted Wednesday to finalize an accounting and financial reporting standard aimed at increasing transparency and consistency of financial reporting about consolidation.

The American Institute of CPAs announced their 2014 Leadership Academy class selection of 38 rising stars in the profession to participate in the 6th annual Leadership Academy in Durham, N.C, this fall.

Treasury Secretary Jacob Lew said comprehensive tax reform would be the best way to prevent further corporate inversions, but called on Congress to pass legislation to stem the tide of corporations merging with other companies overseas in order to cut their taxes.