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The Internal Revenue Service is reminding tax professionals that they must implement safeguards to protect taxpayer data.

Part I: Preparers share their favorite tips for promoting themselves during tax season

JPMorgan Chase & Co. needs to win back public trust after losses on a derivative portfolio swelled to more than $6.2 billion and eroded confidence in the largest U.S. bank, a company risk manager told lawmakers.

While the Internal Revenue Service has made progressing in addressing weaknesses in its information security controls and improving its internal control over financial reporting, the Government Accountability Office said in a new report that serious weaknesses remain that could affect the confidentiality, integrity and availability of financial and sensitive taxpayer data.

Global accounting magazine International Accounting Bulletin recently bestowed its “Young Accountant of the Year” award to Masuzyo Mulenga, audit and assurance manager of HLB Reliance in Zambia.

The Internal Revenue Service is seeking public comments on developing a model memorandum of understanding on transfer pricing issues between national tax authorities.

Sometimes where you're going is more important than where you've been, accountants and consultants are realizing this for their clients and figuring how to capitalize, but in my case rather than looking at the week that was I'm eyeing next week's major user and partner confab that is Microsoft Convergence 2013.

A top official at the U.S. Small Business Administration prodded lawmakers at a congressional hearing to extend a debt refinancing program that provided a lifeline to thousands of struggling small businesses before expiring last year.

New York City officials are urging low-income and middle-class taxpayers to file their tax returns for free or low cost to claim their tax credits with one month to go in tax season, while cracking down on tax preparers.

The Tax Policy Center estimated Friday that the tax provisions of the budget plan introduced this week by House Budget Committee chairman Paul Ryan, R-Wis., would reduce tax revenues by $5.7 trillion over a 10-year period, requiring a corresponding amount of tax increases and/or spending cuts to keep it “revenue neutral,” or risk a substantial expansion of the budget deficit.