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The Internal Revenue Service is starting to tweet more than Ashton Kutcher, expanding the number of Twitter feeds it offers to taxpayers and the tax professional community.

A net 2 percent of CFOs said they plan to hire full-time accounting and finance professionals in the first quarter of 2011, according to a new survey.

After a dramatic drop last quarter, CPA executives regained modest optimism in the past three months about the prospects for the U.S. economy, but still believe the recovery will be slow and are cautious about expansion and hiring plans.

After 38 years at the Big Four firm Deloitte, with the last seven of them as chairman of the board, Sharon Allen is retiring from her post in May 2011.

IMGCAP(1)] I just got back from Vegas after attending Accounting Today’s Growth & Profitability Summit. It’s not often someone can claim to leave Vegas a big winner…but I can! No, I didn’t play the slots or the blackjack table. My “win” was not monetary…but rather it was an educational triumph. I honestly feel high from the whole experience. You know, that feeling of utter excitement that comes from true enlightenment.

Seasonal employees could find themselves in the IRS’s cross-hairs as the agency steps up its enforcement of 1099-MISC information reporting.

CCH, a Wolters Kluwer business, has entered into a partnership with Comtax, a provider of international tax planning software, to offer the Comtax System, which helps tax professionals reduce the tax costs of cross-border transactions.

Dutch accounting software developer Unit4 has released the first in a planned series of Agresso Business World enterprise resource planning software products as part of a strategy it dubs “Route 66.”

The Senate failed on Saturday to overcome Republican-led opposition to two bills extending the Bush-era tax cuts to taxpayers making less than $250,000 and $1 million a year, prompting leaders to talk Sunday of progress toward a deal extending tax cuts for people at all income levels on a temporary basis, along with unemployment benefits.

Since last Thursday I've imagined a series of frightening scenarios and they go something like this: I receive this letter from the Internal Revenue Service charging that I have not paid taxes in years on rental income from a property I own in a tropical paradise.