The Latest

The Internal Revenue Service is providing taxpayers in Colorado an extension until Oct. 15, 2014 to decide when to claim disaster losses arising from last September’s flooding.

The five former Bernard Madoff aides on trial for perpetuating the biggest Ponzi scheme in U.S. history never had a chance once deliberations began, jurors who delivered a guilty verdict on all 31 counts said.

The Internal Revenue Service initially will make limited use of information supplied by other governments about U.S. citizens’ offshore holdings because of budget constraints, Commissioner John Koskinen said.

I remember hearing a story recently about a worldwide relief agency that wanted to expand the vision and thinking of a third-world leader.

Danny Werfel, the former acting commissioner of the Internal Revenue Service, who stepped in last year to try to turn around the agency in the aftermath of a series of scandals, has now joined the Boston Consulting Group’s public sector practice as a director.

Business software provider Open Systems has released the latest version of their accounting software, OSAS version 8.

The Governmental Accounting Standards Board voted unanimously Monday not to delay the implementation date of its new pension accounting and financial reporting standards, despite requests from various groups for an indefinite delay.

The representation of women within the leadership of public accounting firms is too low, according to Jeanette Franzel, a member of the Public Company Accounting Oversight Board.

The next three weeks of tax season land me somewhere between the Frozen song “Let it Go!” and House of Cards character Frank Underwood’s cufflinks: FU! (a.k.a “Follow Up”).

A growing number of new chief audit executives are coming from outside the internal audit profession as organizations demand more diverse business skills to confront new strategic risks, according to a new report.