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TSYS announced an agreement with Oversight Systems to offer an automated monitoring and analysis solution for corporate purchasing professionals.

The Internal Revenue Service did not pursue up to $53 million in potentially improper claims for the Qualified Retirement Savings Contributions Credit, according to a new government report.

A new Web site provides a state-by-state guide to tax laws and regulations for LGBT couples.

Thomson Reuters has published a special report on the 3.8 percent net investment income tax that was included as part of the Affordable Care Act, which tax preparers will be calculating for the first time on their clients’ 2013 returns.

Anaplan announced the launch of its Territory Planning and Quota Management application on Salesforce1 AppExchange.

The top lawmakers on the House Ways and Means Committee disagreed over whether extending tax breaks for research and international finance operations should be offset to prevent the U.S. budget deficit from growing.

Every accountant who wants to thrive, or at least survive in the ultra-competitive economy of today, must make sure that they take all the necessary steps to achieve maximum efficiency in all areas.

The Internal Revenue Service has continued to make progress in addressing weaknesses in its information security control and improving its internal control over financial reporting, but weaknesses remain that could affect the confidentiality, integrity and availability of financial and sensitive taxpayer data, according to a new report by the Government Accountability Office.

CVS Caremark has agreed to pay $20 million to settle charges from the Securities and Exchange Commission that the drug store giant misled investors about significant financial setbacks and used improper accounting that artificially boosted its financial performance.

The Senate Finance Committee held a hearing Tuesday on the subject of incompetent and unethical tax preparers and heard testimony on how the Internal Revenue Service should deal with them.