The Latest

Less than half of affluent parents (49 percent) in a nationwide poll felt it was important to leave a financial inheritance to the next generation, according to the U.S. Trust Insights on Wealth and Worth Survey.

United States District Court Judge J. Michael Seabright sentenced Kauai tax preparer Dennis Nimkie, age 66, to 18 months imprisonment for falsifying information on an income tax return he prepared for another person. Nimkie pled guilty to one of 26 charges but agreed that the conduct on the remaining charges could be considered in determining his sentence and the amount of restitution owed the government.

More than half of senior executives polled indicated that their respective companies have a formal sustainability strategy in place, while another 31 percent said they are either working on a plan or expect to eventually adopt one.

IMGCAP(1)]Providing a payroll service is a labor-intensive, tedious and potentially risky task.

“The Pale King,” the novel about the Internal Revenue Service that author David Foster Wallace was writing before he committed suicide, hit the bookstores on April 15.

Tax and business advisory firm WTP Advisors has entered into nine new affiliations with tax and accounting consultancy firms on four continents.

CPA-focused consulting firm and hosting service Xcentric said Monday it has completed the purchase of technology consultancy InfoTech Partners North America, bringing on board prominent consultant Roman Kepczyk.

David Letterman has made an annual tradition of inviting a group of 10 accountants onto his show every tax season around April 15 to present his Top 10 list.

The American Institute of CPAs has included the latest guidance from the Financial Accounting Standards Board on accounting for mergers and acquisitions in the newest edition of its book Accounting Trends & Techniques.

The Internal Revenue Service has been doing a better job of detecting and preventing fraudulent refunds this filing season, but programming bugs and inadequate controls are still allowing erroneous claims to get through for various tax credits.