The Latest

The Internal Revenue Service said Friday its Office of Professional Responsibility has disbarred a California-based CPA for “charging unconscionable fees, giving irresponsible advice to clients and making false statements to federal and state authorities, among other things.”

The American Institute of CPAs has sent congressional leaders a set of legislative proposals for reforming the civil tax penalty provisions of the Tax Code, arguing that some penalties are disproportionately severe and punish innocent conduct.

U.S. business leaders are indicating significant improvement in their overall optimism about business performance, stability, profitability and hiring expectations in the first quarter of the year, compared to the pessimistic outlook during the fourth quarter of 2012, according to a new report from Grant Thornton.

After initially filing a lawsuit against the Internal Revenue Service, the advocacy group Citizens for Responsibility and Ethics in Washington filed a rulemaking petition with the agency asking the IRS to revise its existing regulations to eliminate a loophole that allows certain tax-exempt groups to engage in substantial political activity while keeping the identities of their donors secret.

Editor-in-chief Dan Hood gives an executive summary of our April ACI.

Complexity and inconsistency within the tax code continue to be a major problem for small businesses, with one out of four small businesses reporting that they need to spend 120 hours or more per year on the administration of federal taxes, or three full work weeks, according to a new survey.

Two New Jersey tax preparers have pleaded guilty to preparing false tax returns.

Changes to the tax laws at the beginning of the year resulted in a delayed tax season in which the average tax refund declined slightly, according to a new government report.

This week's medicine will go down with a bit more than a spoonful of Sugar, with SugarCRM being in the news quite a bit as well as some other various musings that don't involve songs from our youth.

Helen Brand, chief executive of the Association of Chartered Certified Accountants, discusses the ACCA's 14-part exam and how it compares with the AICPA's four-part Uniform CPA Exam.