The Latest

Accounting Today is in the midst of compiling its annual lists of the Top 100 Firms and Regional Leaders, and is looking for more top-notch accounting firms to consider.

In addition to the previously announced Centralized Authorization File outage from December 26 to January 2 at 6 a.m. ET (see "IRS Warns of Service Disruption Christmas Week"), the IRS e-Services' Transcript Delivery System, Disclosure Authorization and Electronic Account Resolution systems will be unavailable for three additional business days. They should return to operation January 6.

The Internal Revenue Service has issued proposed regulations on the shared responsibility for large employers to provide health care coverage under the Affordable Care Act.

Senate Majority Leader Harry Reid rejected the latest Republican offer to resolve the U.S. fiscal crisis as Minority Leader Mitch McConnell reached out to Vice President Joe Biden in an effort to break the impasse.

Christmas always brings out the satirical bent in a lot of folks, and this holiday season has been no exception, with stories suggesting the beloved Santa Claus is running afoul of the tax authorities.

Kansas-based accounting firm Mize Houser & Company has already begun adjusting its payroll withholding tables in anticipation of the expiration of the payroll tax cut at the end of the year.

The U.S. Justice Department opened an investigation relating to Autonomy Corp. after Hewlett- Packard Co. accused the software company of misrepresenting its performance before being bought last year.

Comedian Katt Williams is facing a tax lien from the Internal Revenue Service for over $4 million.

The Internal Revenue Service has modified the mandatory language that tax preparers need to use when asking consent from their clients to use or disclose their tax information.

The Financial Accounting Foundation, which oversees the Financial Accounting Standards Board and the Governmental Accounting Standards Board, is coming out in support of a proposal to create a new Accounting Standards Advisory Forum of international standard setters, but is balking at a requirement that participants need to make a commitment to International Financial Reporting Standards.