The Latest

The federal government’s Financial Literacy and Education Commission has redesigned its financial literacy education Web site, www.MyMoney.gov, adding new calculators and checklists to help families with college savings plans, along with other features.

Corporate performance management software developer Prophix Software has partnered with XBRL software solutions vendor Semansys Technologies to create Prophix XBRL Reporting to automate complex internal and external financial reporting processes.

The IRS’s Criminal Investigation Division needs to improve the way it manages the criminal tax investigations it refers to the Justice Department for prosecution, according to a new government report.

The Internal Revenue Service has provided guidance on how tax-free health insurance coverage should now be provided for employees’ children who are under 27 years of age under the recently passed health care reform law.

Go ahead, guess.

IMGCAP(1)]Most accountants (particularly partners) complain about wasted time during meetings.

One good reason to use a professional tax preparer to do your taxes may be the cautionary tale that appeared the other day in a Washington State newspaper.

A former UBS client who claimed he hid his money in a Swiss bank account because of his parents’ experiences fleeing the Nazis was sentenced to 10 months in prison.

An Arkansas tax attorney and an Oklahoma businessman he represented have each been sentenced to 15 years in prison for their involvement in a tax fraud scheme.

The Swiss bank UBS and its former auditor Ernst & Young have agreed to pay $250.5 million to settle lawsuits brought by shareholders of HealthSouth in the wake of the hospital operator’s accounting fraud.