The Latest

Tax attorney Burton W. Kanter died eight years ago, but he still managed to win a case against the IRS earlier this month.

The American Institute of CPAs and the Financial Accounting Foundation, which oversees the Financial Accounting Standards Board, are setting up a “blue-ribbon panel” to discuss how U.S. accounting standards can best meet the needs of users of private company financial statements.

Houston-based accounting firm MaloneBailey LLP is expanding to New York by acquiring the client base and some key personnel from the New York firm Kempisty & Co.

An income tax treaty between the United States and Italy has taken effect after a decade-long delay.

The Public Company Accounting Oversight Board has decided to re-propose seven auditing standards and amendments that would change the requirements for assessing audit risks.

The IRS has chosen to use TaxWise software from CCH Small Firm Services at its tax assistance sites for the 15th consecutive year.

KPMG International’s annual revenues fell to $20.11 billion internationally for the fiscal year ending Sept. 30, compared to $22.69 billion in the previous year, although the firm saw an uptick in some parts of the world.

The ripple effect of the economy, coupled with fewer and weaker business starts across the country, resulted in a 10 percent drop in second-quarter profits for payroll and benefits outsourcing provider Paychex Inc.

IMGCAP(1)] Lattimore Black Morgan & Cain in Nashville, Tenn. is the latest firm reaching out to us sharing their holiday spirit. The firm recently adopted 45 angels from the Salvation Army.

IMGCAP(1)]The IRS is conducting a sweep of real estate investors that challenges deductions investors have been taking as a routine part of business for years. The sweep is based on an IRS belief that there is a “compliance gap” in this area.