The Latest

The Norwalk, Conn., office of accounting firm Citrin Cooperman recently donated 20 pieces of art to local Seabury Academy of the Music and the Arts.

One of the promoters of a bogus foreign currency exchange investment fund that effectively operated as a Ponzi scheme has been sentenced to nearly two years in jail on tax charges.

The Taxpayer Advocate Service at the Internal Revenue Service is beginning to pilot test a way for taxpayers to engage in face-to-face teleconferences with case workers to help them deal with their tax problems, and the program may expand to audits as well.

Baker Tilly Virchow Krause and cloud accounting and financial technology provider FinancialForce.com have inked an agreement to deliver FinancialForce Professional Services Automation implementation and best practices to Baker Tilly’s Professional Services Organization clients looking to improve service execution and resource effectiveness.

Private sector employers added 209,000 jobs from February to March, according to the latest national employment report from payroll giant ADP, in the latest sign of a slowly recovering economy.

President Obama lashed out at the Republican budget plan passed last week by the House and endorsed by Mitt Romney.

Ernst & Young is advising its clients to be prepared for the new lease accounting standards that are due to come out from the Financial Accounting Standards Board.

States are cracking down on software and devices that help businesses cheat on taxes at the cash register.

The multi-trillion dollar asset securitization market continues to have unresolved issues in the aftermath of the financial crisis, including how the assets are accounted for, and the credit risk assessments done by bond markets and credit-rating agencies, according to a new study.

The Internal Revenue Service said Tuesday that taxpayers who are unable to file their taxes by the April 17 deadline can still use its Free File facility to apply for a six-month extension.