The Latest

Since the Tax Reform Act of 1986 few closely held businesses have been structured as C corporations.

The state tax sites of Colorado, Illinois, Pennsylvania, Utah and Virginia are the easiest for taxpayers to use in terms of transparency, according to evaluations by the Tax Foundation.

Small businesses are more likely to comply with the tax laws if they are in certain comunities of the country and if they have more trust in their tax preparer, according to a report by the Taxpayer Advocate Service.

The Financial Accounting Standards Board and the Private Company Council have released an invitation to comment on their proposed decision-making framework for determining when exceptions to accounting standards should be made for privately held companies.

The Internal Revenue Service said Monday that it would provide tax penalty relief to anyone unable to file on time due to severe storms in parts of the South and Midwest over the past few days.

Rep. Lloyd Doggett, D-Texas, introduced legislation on tax deadline day to close offshore tax loopholes for corporations and encourage greater financial transparency.

Alternative Technology Solutions Inc. has issued a formal response regarding the copyright infringement lawsuit Epicor filed against Alternative last month as well as a counterclaim, both of which deny any wrongdoing on the part of the firm.

Married same-sex couples are awaiting a decision by the Supreme Court to help them resolve their tax-filing challenges on tax day.

SmartVault has enhanced its QuickBooks Online integration process from the initial account provisioning all the way through attaching a document to an entry.

Adaptive Planning has released an integrated cloud-based product for comprehensive close-and-disclose financial consolidations and analysis, as well as enhancements to its Adaptive Planning and Adaptive Discovery applications.