The Latest

Some executives, including AT&T CEO Randall Stephenson, are warning that unless modifications are made to the health care reform bill that the Senate voted to approve Thursday morning, many large companies could decide to drop drug benefits for retirees.

An attorney for the Black Eyed Peas has filed suit accusing the hip-hop group’s manager of failing to file income tax returns for the group for at least eight years.

H&R Block will be among the tax preparation businesses that will be taking advantage of a new IRS initiative aimed at helping taxpayers build their nest eggs by allocating a portion of their tax refund toward the purchase of U.S. savings bonds.

The Internal Revenue Service has extended its moratorium on collecting penalties on listed tax shelter transactions from small businesses after an influential senator threatened to block the nominations of key Treasury Department nominees.

Accounting firm Eisner LLP has introduced its 2010 Personal Tax Guide, which is available on the firm’s Web site and as a download to the Amazon Kindle e-reader.

In an unusual move, Sikich LLP has merged with Icon Digital Design & Illustration, a marketing and design company, and named two of Icon’s partners as partners in the accounting firm.

The holiday cheer continues from the accounting community as SBS Group donated presents, gift cards and toys to mothers and children dealing with domestic violence.

IMGCAP(1)]Silver bells and major snow storms aside, I am struggling to get into the holiday spirit.

Statistics from the Internal Revenue Service indicate that taxpayers with income under $200,000 have less chance of being audited than those in higher income ranges.

Senate Finance Committee ranking member Charles Grassley, R-Iowa, threatened to hold up the confirmation of all nominees to Treasury Department posts unless the Treasury and the IRS do more to ease tax penalties on small businesses.