The Latest

IMGCAP(1)]The subprime mortgage crash of 2008 created a landslide of foreclosures and short sales which could persist for many years. A whole new industry in short sales has sprung up. All this has left taxpayers and their advisors scrambling for answers on the correct tax consequences.

Kenneth Leventhal, CPA, founder of one of the largest CPA firms in the country, Leventhal & Co., and a noted philanthropist, died on May 8 at the age of 91.

Baerson Witonski Berkowitz & Rubin LLC is merging its practice into Mowery Schoenfeld, LLC, headquartered in Lincolnshire, Ill.

Deloitte has created an inspirational video for the “It Gets Better” project, which provides encouragement to LGBT youth facing bullying in their families and schools.

Organizations worldwide lose an estimated 5 percent of their annual revenues to fraud, according to a new survey of Certified Fraud Examiners.

The Public Company Accounting Oversight Board is making some progress in its efforts to inspect auditing firms in China.

The Internal Revenue Service is helping law enforcement authorities crack down on drug dealers in the Southern California area.

Despite the increased use of mobile devices and cloud computing, small businesses are still finding that they lose time on unproductive tasks.

Small business owners ranks Idaho and Texas as the most business-friendly states, with Oklahoma City and Dallas-Ft. Worth taking top honors among cities across the nation, according to a new survey.

Banking executives are predicting that the majority of banks will miss the deadlines for complying with new requirements under the Foreign Account Tax Compliance Act for reporting on foreign bank accounts and assets held by U.S. taxpayers.