The Latest

The Internal Revenue Service alerted taxpayers and tax professionals in an email Friday about an interest calculation error on certain notices mailed the weeks of July 1 and July 8.

The Internal Revenue Service said in an email to tax professionals Friday that it would begin sending letters to enrolled agents in late July when their enrollment status is being inactivated or terminated because of their failure to renew.

Thomson Reuters has released the 2013 edition of its annual Tax Planning Guide.

House Ways and Means Committee chairman Dave Camp, R-Mich., contended that the immigration reform bill approved by the Senate last month violates the Constitution because it contains revenue provisions that are supposed to originate in the House.

A man from the Houston area who was arrested late last month at an airport while attempting to flee the country was indicted Friday in the Central District of California in what authorities allege is a multimillion dollar identity theft and tax refund fraud scheme involving more than 300 victims.

Beth Wiener, partner-in-charge of the Alternative Investment Group at Marcum, sat down with Accounting Today’s managing editor Tamika Cody to share what she does to pave the way for rising female leaders in the accounting profession.

CPA firms are predicting they will face challenges in gaining acceptance of the American Institute of CPAs’ recently introduced Financial Reporting Framework for Small and Medium-sized Entities, according to a new survey.

Volunteers from KPMG’s San Francisco office will be hosting 40 middle school students July 15 to work together in solving real internal and external business issues facing the Big Four’s audit, tax and consulting businesses.

House Democrats are demanding answers from the Treasury Inspector General for Tax Administration about its report on the Internal Revenue Service’s screening of tax-exempt groups, demanding to know why some newly uncovered documents were left out of the report.

In a recent letter to all staff, Microsoft chief executive Steve Ballmer outlined a corporate reorganization and the strategy behind it, stating the company will now be organized by function rather than product which will include engineering, marketing, business development advanced strategy and research, finance, HR, legal and COO.