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IMGCAP(1)]The mantra “it’s who you know” has always been at the heart of successful new business initiatives for accounting firms.

The Internal Revenue Service has provided guidance to tax preparers on the circumstances under which they can be exempted from the electronic filing mandate and mail paper copies of their clients’ tax returns instead.

The Internal Revenue Service increased its audits of high-income taxpayers last year by as much as 75 percent.

A high-ranking Treasury Department official has come out against calls by some multinational corporations for a tax holiday on earnings repatriated from abroad.

A new Web site lets people leave anonymous tips about tax cheats that are forwarded to the Internal Revenue Service.

A group of tax problem resolution firms has formed the Tax Problem Resolution Services Coalition, with the aim of protecting consumers from deceptive tax relief practices.

The Securities and Exchange Commission said Monday that it has obtained a court order freezing the assets of two online payday loan companies and their owner, charging them with perpetrating a $47 million offering fraud and Ponzi scheme.

Business-to-business e-invoicing network OB10 said Monday that it has raised $6.4 million of new capital through a recent shareholder rights issue.

CCH has appointed Joe Bergera as the executive vice president and general manager of its new Tax business unit, effective immediately.

The Internal Revenue Service stopped mailing out tax form packages to taxpayers this season in response to budget cuts, but it still needs a long-term strategy for reducing its mailing and publishing costs, according to a new government report.