The Latest

A recent report from the Government Accountability Office called IRS Form 8938 and the FBAR "duplicative," often asking for the same or similar information.

The House has passed a Republican-sponsored budget alternative to President Obama’s fiscal 2013 budget, mostly based on the plan put forward by House Budget Committee Chairman Paul Ryan, R-Wisc., for creating only two tax brackets of just 10 and 25 percent.

News from accounting firms and associations, including BKR, IGAF Polaris and KPMG

The Financial Accounting Standards Board is making progress on its disclosure framework project, which aims to establish an overarching framework to help the board establish requirements for disclosures in notes to financial statements.

New Partners, Principals, Staff Accountants and Other Hires and Promotions at Accounting Firms

Anchin, Block & Anchin has joined the BKR International association of accounting and business advisory firms.

Tax & Accounting business of Thomson Reuters has renewed and expanded its agreement with the Tax Executives Institute, an international association of 7,000 corporate tax professionals.

CEOs, CFOs and other senior management accountants have a cautious, yet increasingly positive outlook for the global economy over the next 12 months, according to a new survey.

Cloud accounting service Xero Inc. has signed a partnership with business productivity software developer Abukai Inc. that will enable customers from both companies to benefit from a direct integration between Abukai’s cloud-based expense report offering Abukai Expenses and Xero’s accounting and bookkeeping abilities.

KPMG announced a global sponsorship agreement with LPGA champion Stacy Lewis, who will wear the firm logo for all her golf-related appearances.