The Latest

Accounting-wise at least, that is.

Oscar-winning actor Jeff Bridges has reportedly paid off a tax lien filed last month by the IRS for $23,997.

The Internal Revenue Service needs to beef up tax compliance efforts for nonresident aliens who earn money in the U.S., according to a new government report.

SAP America Inc., the German software maker’s American subsidiary, has signed a definitive agreement to acquire Sybase Inc. in a transaction that will bring the two IT giants together to enable companies to take better advantage of mobile technologies and services.

The Institute of Internal Auditors has published a new practice guide to provide an overview of key executive compensation risks that should be understood before assessing whether the controls and governance over executive compensation and benefits programs are effective.

BNA Tax & Accounting has introduced State Tax Nexus Evaluator, a research product that helps businesses and practitioners determine income tax nexus for 50 U.S. states, Washington, D.C., and New York City.

Taxpayers filed over 4.5 million returns with adjusted gross income of $200,000 or more for 2007, up from over 4 million returns in the prior year, according to newly released IRS statistics.

The New York State Society of CPAs installed Margaret A. Wood, a former airline attendant who became a partner at Grant Thornton, as its new president.

The Texas Society of CPAs is rounding up its young people for its third annual Young CPAs and Emerging Professionals Conference. And the agenda is chock full of engaging topics to choose from.

Supreme Court nominee wrote a brief on behalf of the IRS in a far-reaching tax case that could come before the Supreme Court.