The Latest

The Internal Revenue Service plans to hold the second in a series of public meetings next Wednesday to get feedback on its plans to create a “real-time tax system” that would be able to catch incorrectly reported tax return information at the time it is filed.

Republican Presidential candidate Rick Santorum’s tax plan would reduce federal tax revenues substantially, according to a preliminary analysis by the Tax Policy Center.

Credit rating agency Fitch Ratings said in a new report that it expects the U.S. will still move forward with plans to incorporate International Financial Reporting Standards into U.S. GAAP, but in a “prolonged, cautious and incremental way.”

The Internal Revenue Service is taking steps to address the growing problem of taxpayer identity theft, but the head of a security company thinks that taxpayers also need to take matters into their own hands.

More small businesses were sold in 2011 than in 2010, driven by slightly lower valuations, improved business performance, and a slow improvement in capital access, according to figures from BizBuySell, an Internet-based business-for-sale marketplace.

What if someone told you that your firm could replace much of the work performed by its audit staff with an affordable, automated system?

Veris Consulting Inc. has expanded its forensic accounting and litigation support practice to Jacksonville, Fla., adding Edward Buttner, a CPA with over 30 years of experience.

The PhD Project, a program aimed at increasing diversity in America’s business schools, has opened nominations for inductees into the PhD Project Hall of Fame, which was established in 2011 to recognize people with commitment to the project and its mission.

HintonBurdick CPAs & Advisors is merging in a sole proprietor’s practice, Gardner Tax and Accounting, in St. George, Utah.

Rep. Sander Levin, D-Mich., the ranking Democrat on the tax-writing House Ways and Means Committee, said Wednesday he would re-introduce legislation later this year to end the tax break on carried interest income.