The Latest

The Internal Revenue Service needs to improve the security of its Automated Collection System, a telephone contact system used to collect unpaid taxes and secure tax returns from delinquent taxpayers, according to a new government report.

Health care professionals who have received student loan relief under state programs that reward those who work in underserved communities may qualify for refunds on their 2009 federal income tax returns, as well as an annual tax cut going forward, according to the IRS.

CPA and advisory firm BKD has launched HealthCareReformInsights.com, a multimedia Web site devoted to health care reform.

Sage North America has released the latest version of its time and billing product, Sage Timeslips 2011, which now offers faster bill approvals, improved reporting, and electronic payment options.

The accounting industry ranks No. 1 in terms of net profit margin in a list of private industries compiled by Sageworks, a company that provides financial analysis tools and information for privately held companies.

The Internal Revenue Service is extending some deadlines for sponsors of defined-contribution retirement plans, such as 401(k) plans, that were affected by storms and other severe weather in Alabama, Connecticut, Massachusetts, Mississippi, New Jersey, Rhode Island, Tennessee and West Virginia.

The International Accounting Standards Committee Foundation, which oversees the International Accounting Standards Board, has selected Tommaso Padoa-Schioppa as the new chairman of its board of trustees.

The longer a company has been in compliance with Sarbanes-Oxley, the higher the percentage of executives who say the benefits outweigh the costs, according to a new study released by global risk ad internal audit consulting firm Protiviti.

The Governing Council of the American Institute of CPAs rolled through a stacked agenda during its Spring Meeting of Council here - a three-day event that was highlighted by approval to expand the institute's membership categories and the start of discussions to sharpen its strategic vision.

By now you've probably heard of the video contest that Accounting Tomorrow (ATOM) is holding with Next Generation Consulting (you know, of Rebecca Ryan fame) - ATOM's Got Talent.