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IMGCAP(1)]For all of those private companies frustrated with being forced to spend $25,000 on a valuation of intangible property or goodwill, or to spend hours drafting disclosures that users may not read, and be burdened with a myriad of other financial reporting responsibilities of public companies, there may be some relief on the way.

Kimberly Tan Majure has joined the Washington National Tax Practice of KPMG LLP as a principal in the International Corporate Services Group.

Multinational companies needed to deal with 270 tax changes in the U.S. and globally in the second quarter of this year, according to a new report.

Newly released statistics from the Internal Revenue Service showed that close to 1,500 people who earned over $1 million in 2009 paid no income taxes.

The Internal Revenue Service has issued a new form that tax-exempt organizations can use to request determinations about their tax-exempt status.

The Internal Revenue Service warned U.S. taxpayers Monday that if they are hiding income in undisclosed offshore accounts, time is running out for them to take advantage of its second Offshore Voluntary Disclosure Initiative, which will expire on Aug. 31, 2011.

CCH has expanded its Expert Treatise Library with a new title that deals with the federal taxation of partnerships.

Officials from the U.S. Public Company Accounting Oversight Board have met with Chinese officials to try to resolve the impasse over inspections of accounting firms in China that audit Chinese companies whose stocks trade on U.S. exchanges.