The Latest

The Internal Revenue Service has released additional information on how medical residents may be eligible for a refund on the employment taxes withheld from their paychecks by teaching hospitals.

“The First-Time Homebuyer Credit will jump up and bite you in the shorts at least six times this next tax season,” Doug Van Der Aa told attendees at the Thomson Reuters Users Conference.

Clifton Gunderson has acquired Farrell & Associates, expanding the firm’s footprint in Illinois.

Cash flow and not the economy is the top concern for chief financial officers heading into 2011, according to a survey from TD Bank.

At least, according to the American Institute of CPAs - and they want high school students to know that, too. And well, agree with them. So the Institute has launched the Clearly Pretty Awesome Competition to introduce them to the accounting profession.

The International Accounting Standards Board is making more of an effort to complete its major convergence projects by the middle of next year.

Reports have surfaced that the federal debt commission (officially known as the National Commission on Fiscal Responsibility and Reform) is considering the heretofore unimaginable elimination of popular tax breaks, including deductions on mortgage interest, as part of its report due on December 1.

More than two-thirds of Fortune Global 500 companies now produce some form of sustainability or corporate responsibility report, according to new research by Ernst & Young.

Small business owners would like to see their accountants dress up as either Lady Gaga or a calculator this Halloween, according to a new survey.

The International Accounting Standards Board has amended its financial instruments standards to prevent companies with financial problems from trying to claim a profit based on an inflated value of the debts they owe.