The Latest

The Internal Revenue Service is collecting information on approximately 20 Swiss banks, according a letter from UBS, one of the main banks it has been investigating.

Integrating volunteer initiatives with Deloitte’s on-campus recruiting activities is what Maximum Impact is all about – and it’s going on right now for college students.

The recession has affected many companies harder than they anticipated. Most organizations experienced some kind of impact from the financial upheaval, according to a survey by Burlingame, Calif.-based Accountants International of 3,500 accounting, finance and human resource executives nationwide.

Two IRS Service Center employees in Covington, Ky., were charged in a 29-count indictment with stealing thousands of dollars in money orders.

Both H&R Block and Jackson Hewitt, the two biggest tax prep chains in the country, have seen their revenues fall in the past quarter, in part because more taxpayers are doing their taxes themselves.

Microsoft Corp. is effectively throwing down the gauntlet to U.S.-based NetSuite customers by offering midsized companies $850 for every user who switches to any Dynamics ERP product.

An IRS employee in the U.S. Virgin Islands and her husband have been charged with filing 32 false federal tax returns using the names of friends and family members.

Phil Liberatore, a CPA and the founder of a business called IRS Problem Solvers, has launched a congressional campaign challenging a Republican incumbent from the right.

The Treasury and Energy Departments, along with the IRS, said billions of dollars in government investment grants for smart grid technology would be non-taxable, paving the way for the technology to move forward.

The Financial Accounting Standards Board and the International Accounting Standards Board have jointly published an exposure draft on the concept of reporting entities, including how they control other entities.