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Berkshire Hathaway CEO Warren Buffett can always be counted on for some choice words of wisdom in his annual shareholders letter, and among them were some perceptive remarks about one of his holding company’s investments: Geico.

John Legend rejected tax cuts for the wealthy at a Motown tribute concert at the White House.

Major accounting and technology consulting concern Eide Bailly has formed a sales and marketing relationship with cloud financial management and accounting applications provider Intacct, in which the firm will offer traditional reseller and outsourced accounting services.

Professional services firm LECG Corporation said Monday that it expects to sign an amendment to its credit agreement and to transition two expert practice groups to FTI Consulting Inc., as the financially troubled firm struggles to stay in business.

The Tax & Accounting business of Thomson Reuters has improved the integration between its corporate tax software and Oracle’s latest business management software.

The Internal Revenue Service has begun conducting a survey examining the risks associated with electronic tax preparation and filing to gain information on taxpayer data protection practices.

Accounting firm McConnell Jones Lanier & Murphy has expanded its technology and telecommunications consulting services with the acquisition of Paladin Communications.

The Public Company Accounting Oversight Board intends to hold seven forums across the country to discuss auditing issues in the small business environment.

Refunds totaling more than $1.1 billion may be waiting for nearly 1.1 million people who did not file a federal income tax return for 2007, according to the Internal Revenue Service.

A group calling itself US Uncut organized a series of protests over the weekend at Bank of America branches across the country to protest large corporations with unpaid income taxes.