The Latest

The U.S. Court of Appeals for the Seventh Circuit in Chicago has affirmed the Tax Court, upholding the disallowance by the IRS of losses claimed by investors in a DAD (distressed asset/debt) tax shelter.

Switzerland is paving the way for its banks to settle a dispute with the U.S. over tax evasion, approving a plan after years of diplomatic wrangling.

The Public Company Accounting Oversight Board released its latest inspection reports Wednesday on KPMG LLP and PricewaterhouseCoopers LLP, revealing various problems uncovered with the firms’ audits.

As the number of available cloud storage offerings continues to expand, Box and Dropbox consistently rank among the most popular, yet which is best for your accounting firm?

The Internal Revenue Service has issued final regulations for the shared responsibility payment for not maintaining minimum essential coverage under the Affordable Care Act, also known as the individual mandate.

Top 100 Firm Carr, Riggs & Ingram expands its Southeast footprint with the addition of Atlanta, Ga.-based firm Laney, Boteler & Killinger.

ERP product maker Open Systems Inc. has formed a preferred vendor relationship with Keystone Solutions Inc. to integrate the Traverse ERP product with the eCommERPbridge ecommerce platform.

Kim Henares began carrying a gun eight months after becoming the Philippines’ chief tax collector. Her shooting instructor was the country’s president.

The Internal Revenue Service has issued a set of tips to help with foreign tax credit compliance.

The old adage that there are two sides to every story remains true today especially as it pertains to accountants.