The Latest

National Taxpayer Advocate Nina Olson’s latest mid-year report to Congress calls the IRS “an institution in crisis,” with its many problems affecting its ability to conduct its mission.

Peter Reilly, executive vice president of Bethesda, Md.-based CPA and business advisory firm Councilor, Buchanan & Mitchell, recently completed his 15th Great Chesapeake Bay 4.4 Mile Swim.

The Supreme Court has struck down the Defense of Marriage Act and California’s Proposition 8, awarding supporters of same-sex marriages wins that have major tax implications.

Open Systems has released a purchase order routings and approvals application for its Traverse accounting and business software, which provides organizations with full control over their purchasing and approvals process.

Jacqueline Oneto has moved up the ranks from partner to managing partner at Gelman, Rosenberg & Freedman CPAs. Oneto will officially step into her new role on July 1, 2013.

Actor Stacy Keach, who narrates the CNBC TV series “American Greed,” praised the efforts of the fraud examiners whose efforts put behind bars many of the perpetrators whose crimes are chronicled on his show.

The owner of a New Jersey tax preparation business pleaded guilty to willfully preparing false tax returns for clients.

The Internal Revenue Service’s purchase card program lacks consistent oversight to identify and address inappropriate use, such as overspending on meals, according to a new government report.

A federal appeals court in Washington, D.C., has scheduled oral arguments for September 24 to hear the Internal Revenue Service’s appeal of Loving v. IRS, the case in which a trio of independent tax preparers successfully sued the IRS to suspend its mandatory testing and continuing education requirements for tax preparers.

The Public Company Accounting Oversight Board announced the 77 recipients of its 2013-14 academic scholarships, hailing from as many colleges and universities.