The Latest

The news that the IRS has granted Citigroup tax breaks potentially worth more money than it will be giving back in repaying its TARP funds should not come as a surprise.

A biennial survey by the National Society of Accountants found that the cost of preparing an itemized Form 1040 with a Schedule A and a state tax return averages $229.

Senate Finance Committee Chairman Max Baucus, D-Mont., dropped efforts to temporarily extend the estate tax at its current level in the face of Republican opposition.

A new report from the Bay Street Group research firm describes the key factors driving new opportunities for accounting firms in this difficult business environment.

The Securities and Exchange Commission has voted to require companies to disclose more information about their compensation practices and the background of their board members.

Veteran sales and marketing executive Alan Deichler has been appointed as president of CPAmerica International, a large association of CPA firms.

Nearly three-quarters of finance professionals believe their company could be more efficient in the implementation of Section 404(b) of the Sarbanes-Oxley Act dealing with the outside audit of internal controls, according to a new survey.

The Internal Revenue Service has issued proposed regulations under a new law that will require reporting of basis and other information by stock brokers and mutual fund companies for most stock purchased in 2011 and all stock purchased in 2012 and later years.

The Mid-Atlantic offices of RSM McGladrey are doing something different this year for the holidays in response to the challenges brought on by the recession – instead of hosting their regular holiday parties they are donating money and resources to local food banks.

The case of Bernard Madoff’s former auditor, David Friehling, has cast the ethics of the accounting profession into a harsh light and forced his state CPA society to take action.