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CPAs are required to take continuing professional education courses each year. The amount varies by state, but every state has mandatory requirements.

The guidance issued by the Internal Revenue Service this week treating virtual currencies such as Bitcoin as property rather than currency for federal tax purposes may end up helping Bitcoin investors, even though it means Bitcoin users will need to be extra careful to report their transactions from now on.

Therese Tucker, CEO of software provider BlackLine Systems, was honored at the 2014 FSTech Awards in London Thursday with the Barry Holland Memorial Award for Outstanding Individual Achievement.

The Internal Revenue Service is warning consumers to beware of a new email phishing scam in which fraudulent emails purport to come from the IRS Taxpayer Advocate Service, complete with a bogus case number.

Some of our favorite recent tax fraud cases.

Public Company Accounting Oversight Board member Steven Harris said the major auditing firms should begin providing their own financial statements to the PCAOB.

Tax returns filed this season by tax professionals are down 1.3 percent so far compared to last year, while self-prepared returns are up 5.9 percent, according to the latest IRS statistics.

The Internal Revenue Service is permitting millions of dollars in potentially improper self-employed retirement plan deductions to be claimed, according to a new government report, which estimates that up to $71.4 million over five years could be saved with better controls.

State tax exam information requests are increasingly becoming more comprehensive and demanding.

Most organizations lack the IT infrastructure needed to meet staff and customer needs, according to a new study by Softchoice and VMware.