The Latest

The Taxpayer Advocacy Panel, a federal advisory committee of 101 citizen volunteers across the country, has released its annual report, with recommendations that include calling for the IRS to protect against identity theft by allowing taxpayers to “lock” their accounts when no tax returns are required.

Creighton University accounting and law professor Thomas J. Purcell III received the American Institute of CPAs’ 2010 Arthur J. Dixon Memorial Award, the highest award given by the accounting profession in the area of taxation.

India is scheduled to begin using International Financial Reporting Standards in less than six months, but the country may be making several key changes in the standards prior to the rollout.

The Internal Revenue Service has canceled a planned auction of rap singer Young Buck’s valuables after his attorney filed suit to stop the sale of the property seized from his client’s home during a raid last August.

A new report by the Government Accountability Office uncovered hundreds of allegations of physical abuse, neglect and financial exploitation by guardians in 45 states and the District of Columbia between 1990 and 2010.

What will the accounting profession look like five to 10 years from now? As a young professional, this is a critical question to ask ourselves.

Power issues at the Intacct Advantage 2010 partner conference in Burlingame, Calif., concerned attendees and Intacct employees as the venue’s host — the Hyatt Regency San Francisco Airport — was without power for about 12 hours on Sunday and at the beginning of the conference launch reception on Monday.

IMGCAP(1)]As an accountant, you most likely have clients seeking investment advice.

College seniors who graduated in 2009 carried an average of $24,000 in student loan debt, up 6 percent from the previous year, according to a new study.

The Internal Revenue Service’s comparative study of its private debt collection program was not designed soundly enough to support its decision to discontinue contracting out debt collection to private companies, according to a new report by the Government Accountability Office.