The Latest

The Internal Revenue Service has issued a revenue procedure that said certain losses do not need to be taken into account in determining whether a transaction is considered a “reportable transaction.”

The Supreme Court has agreed to hear a pair of cases challenging the constitutionality of the federal Defense of Marriage Act and of California’s Proposition 8, which banned same-sex marriage, and the cases could have tax ramifications.

Document and imaging product maker Accusoft has released Prizm Capture, a cloud-based tool designed to capture invoice information and import it directly into a QuickBooks Online account.

The New York State Society of CPAs has introduced a new CPE discount program that provides more continuing education options to small and midsize CPA firms.

Google Inc. avoided about $2 billion in worldwide income taxes in 2011 by shifting $9.8 billion in revenues into a Bermuda shell company, almost double the total from three years before, filings show.

The majority of chief audit executives anticipate that the resources and budgets for their internal audit departments will either increase or stabilize next year, according to a new survey.

Walthall, Drake & Wallace LLP added Frank, Seringer & Chaney Inc., of Amherst and Wooster, Ohio, to its practice.

The Public Company Accounting Oversight Board released a report Monday in which it identified widespread problems at eight major accounting firms with their audits of internal control over financial reporting.

Online accounting software maker has added a set of new features including 1099 and GAAP compliance additions for the U.S. market, as well as an integration to the Track1099 e-filing and preparation tool.

Microsoft Dynamics Master VAR SBS Group has added technology consultant and Dynamics GP, AX, and CRM reseller Enterprise Resources Technology (ERT Group) to its Partner Network.