The Latest

IRS Commissioner Doug Shulman told a group of board directors attending a business conference that they need to hire outside tax advisors to help with tax risks and FIN 48 compliance.

The Internal Revenue Service has inadequate controls over dishonored checks from taxpayers, putting millions of dollars at risk, according to a new report.

The Internal Revenue Service has filed a $125,112.86 federal tax lien against the late Anna Nicole Smith, nearly two years after the former Playboy Playmate of the Year and reality TV star died.

Software developer Copanion has closed a $10.2 million round of venture capital financing and named a new CEO.

These days, when it comes to saving or paying for college, every little bit of help counts.

As the SEC resurrects its focus on the roadmap to adopt International Financial Reporting Standards, the 30-plus year debate over a GAAP for private companies has progressed somewhat but remains on the back burner amidst legislative and standard-setters’ priorities for global convergence

IMGCAP(1)]Every firm is looking for a competitive advantage in today'smarkets. Now is not the time to cut your technology investments. Infact, now is the time to invest in technology!

IMGCAP(1)]A broad review of both proposed and existing measures emanating from the nation’s capital that would profoundly impact the accounting profession, accompanied by a continued focus on the inevitable meshing of U.S. and international reporting standards, headlined the opening sessions at the AICPA’s Fall Meeting of Council, here.

UBS, the embattled Swiss bank that is being forced to divulge the names of about 4,450 account holders to the IRS, may have inadvertently tipped its hand on their identities by sending them registered letters through the U.S. Postal Service.

Nicolas Cage has filed suit against his former business manager, claiming that Samuel Levin’s poor investment choices and failure to pay Cage’s taxes led him “down a path toward financial ruin.”