The Latest

New York City’s Department of Consumer Affairs has investigated nearly 800 income tax preparers in a month-long investigation and issued 2,010 charges for violations, including illegally advertising refund anticipation loans as “instant” or “rapid” refunds.

In a bid to draw in more value-added resellers of its cloud-based accounting and business management software, NetSuite is offering VARs 100 percent margin on first-year license subscriptions.

Stacy Sturgeon, a partner in KPMG’s audit practice, has been named the firm’s new national managing partner for university relations and recruiting, succeeding Manny Fernandez, who has served in the role for the past four years.

IMGCAP(1)]To gather information for law enforcement, particularly drugs and organized crime, Congress has long required U.S. persons owning or having signatory authority over foreign financial accounts to file a report with the Department of the Treasury disclosing information about the accounts.

An IRS building in Ogden, Utah, had to be evacuated Monday after a suspicious substance was found.

A California tax preparer was sentenced to more than five years in prison and ordered to pay $377,468 in restitution after she was convicted of tax fraud.

Senate Democrats have introduced legislation to extend unemployment benefits, a 65 percent subsidy for COBRA health insurance for the unemployed, and a large set of tax breaks that expired at the end of last year.

The Internal Revenue Service has released statistics indicating a drop-off in both the number of tax returns filed for 2008, and the amount of income, showing the effects of the recession.

Lyndon Group has appointed John Gantenbein as the firm’s loss prevention practice leader.

The Securities and Exchange Commission has instituted public administrative proceedings against two former Ernst & Young auditors who failed to uncover the misappropriation of client funds by an investment advisor they were auditing.