The Latest

Actress Lindsay Lohan tweeted to President Obama that he should not neglect millionaires in providing tax cuts for the middle class.

The Internal Revenue Service has begun previewing a set of draft forms to help taxpayers and banks comply with the Foreign Account Tax Compliance Act.

Bradley Birkenfeld, the former UBS AG banker who told the Internal Revenue Service how the bank helped thousands of Americans evade taxes, secured an IRS award of $104 million, an amount his lawyers said may be the largest ever for an individual U.S. whistleblower.

Accounting Today’s September Accountant of the Month Maria Montie found her self-described “tipping point” at hundreds of feet in the air.

Cloud accounting and financial applications provider FinancialForce.com has released Accounting Summer ’12, which includes several multicurrency enhancements, deeper CRM and accounting collaboration, and a community site feature.

After achieving some success with the release of SAP’s cloud-based offerings including SAP Business ByDesign and, more recently, Business One OnDemand, the business process software giant is planning the release of a cloud-based financial management product later this year with accounting firms as key partners in the effort.

This year’s Top 100 Most Influential People report includes profiles of the regulators, firm leaders, consultants, technology vendors and practitioners who are leading the profession.

Salesforce.com is receiving some stinging criticism for its accounting by bloggers on financial sites like Seeking Alpha and the Motley Fool.

A federal judge in Worcester, Mass., has sentenced William Scott Dion of Sanbornville, N.H., to 84 months in prison for conspiring to defraud the United States and for obstructing the IRS.

The Facebook farewell message of departing IRS Return Preparer Office director David Williams has prompted a number of good wishes and gratitude for his work.