The Latest

The Swiss and U.S. governments have signed a memorandum of understanding on interpretations of their agreement on implementing the Foreign Account Tax Compliance Act, or FATCA.

The subsidiary of Deloitte Financial Advisory Services LLP, Deloitte Corporate Finance LLC, has acquired the advisory-focused investment bank, McColl Partners LLC. Terms of the acquisition were undisclosed.

Bloomberg BNA has begun a joint initiative with Tax Materials, the producers of the tax reference book series TheTaxBook, to include content from TheTaxBook in Tax Prep Guides that will be offered as part of Bloomberg BNA’s Tax Practice Series.

Cloud‐based workflow software provider XCM Solutions now has a resource allocation scheduling(RAS) module for its flagship product, with a mobile app to be released next week.

New York Yankees co-owner and managing partner Hal Steinbrenner prevailed in a lawsuit brought by the Internal Revenue Service seeking to recover $670,494 from what the government alleged was an unwarranted tax refund.

The Internal Revenue Service, under a congressional microscope for conference spending and improper scrutiny of small-government groups, has fired fewer workers for misconduct this year than at any time since 2002.

I’ve got to say…I think the “badass CPA” is a sign of the times.

Rep. Elijah E. Cummings, D-Md., the ranking Democrat on the House Committee on Oversight and Government Reform, has sent a letter to committee chairman Darrell Issa, R-Calif., urging him to stop making unsubstantiated allegations about the IRS Tea Party targeting scandal being traced back to the White House.

If you've ever wanted Microsoft Office applications on your iPhone or iPad you can have them through CloudOn, an app the gives you the nearly full experience.

The Internal Revenue Service reminded tax professionals Monday that its offices will be closed on June 14, July 5, July 22 and August 30 due to the current budget situation, and the closure will also affect the IRS’s Modernized eFile System.