The Latest

Secretary of the Interior Ken Salazar has asked the National Park Service to conduct an internal review of the Federal Historic Preservation Tax Incentives Program to ensure the program is maximizing opportunities to use historic preservation to promote economic development and revitalization of communities, particularly in urban areas.

A federal judge has directed the Internal Revenue Service to issue a summons requiring the Swiss bank UBS to produce information about U.S. taxpayers who were trying to evade U.S. income taxes by holding accounts at other Swiss banks that did business with UBS.

Lauren Fitch is the new chief operating officer at Faulk & Winkler LLC.

Schenck SC has acquired a majority stake of Bonfield & Company SC.

The Internal Revenue Service has joined the popular microblogging service Tumblr, expanding the IRS’s array of social media networks.

Online accounting software maker Xero is now integrated with the time tracking and invoicing product Harvest, allowing its users the ability to utilize time and expense functions within Xero.

Caterpillar Inc., the largest maker of construction and mining equipment, said it is considering “all options” to recover losses from false accounting at a Chinese business that led to a $580 million writedown.

Many promising young partners fail to make the transition to equity partner, which is where the true rewards of partnership lie.

The International Accounting Standards Board has released some of the findings from a survey it recently conducted on financial disclosures in which it asked accountants and financial statement users what factors are contributing to disclosure overload.

Tax executives from Global 2000 companies are increasingly relying on tax compliance strategies and planning when dealing with sales and use taxes and indirect taxes like the value-added tax.