The Latest

The Internal Revenue Service, currently under fire in Congress for its screening of applications for tax exempt status by conservative groups, could also use some improvement in the way it conducts examinations of individual tax returns, according to a new government report.

Guests at the Meet the Editors dinner at Keens Steakhouse in New York give their assessments of the many opportunities available to accountants for growing their practices. Interviewees include Craig Walker of Xero, Kerri Gibson of CCH Small Firm Services, LeeAnn McNeill of ADP Small Business Services, Scott Fleszar of the Tax & Accounting business of Thomson Reuters and Dave Clarke of Kashoo.

A pair of lawmakers have introduced a bipartisan bill in the House that would provide relief to nonprofits, such as the Girl Scouts, which now have higher pension funding rules than taxable, for-profit companies.

Don't worry if you haven't been paying much attention to news in our space this week, there really wasn't much beyond Intuit finally making(or appearing to make) plans to reach more global customers and is reorganizing to do so.

The New York State Society of CPAs’ Foundation for Accounting Education announced the 67 New York students receiving Excellence in Accounting Scholarships for the 2013-14 school year.

The Public Company Accounting Oversight Board said Friday that it has entered into a memorandum of understanding on enforcement cooperation with the China Securities Regulatory Commission and the Ministry of Finance, in a breakthrough on a long-running priority for the PCAOB that also stops short of inspections.

The Internal Revenue Service has released for public comment draft versions of three forms for complying with the Foreign Account Tax Compliance Act, or FATCA.

Lois Lerner, the mid-level Internal Revenue Service official at the center of the controversy over scrutiny of small-government groups seeking tax-exempt status, is being replaced on an acting basis, the IRS said today.

The American Institute of CPAs has expressed its support for the Digital Accountability and Transparency Act, which would establish government-wide financial data standards for federal funds.

What do the Senate hearings on offshore profit shifting and a Supreme Court case decided on May 20, 2013 have in common? They both are generated by our system of taxing U.S. companies on their worldwide income, and they both are the result of the companies meeting their obligations to their shareholders, which is to legally minimize the amount of taxes they pay.