The Latest

Lawmakers on both sides of the aisle in Congress seem more open now to approving a new tax credit for job creation as unemployment approaches double digits, but it’s far from being a done deal.

Democratic lawmakers turned back efforts by House Republicans to depose Charles Rangel, D-N.Y., as chairman of the House Ways and Means Committee after revelations of his tax and financial disclosure lapses led to an expanding ethics investigation.

The Internal Revenue Service’s Whistleblower Office is having trouble managing the growing number of claims it has been receiving from informants telling the IRS about tax dodgers.

Taxpayers calling the IRS for help last tax season endured longer hold times and more disconnected phone calls than in the past, according to a new report.

Accounting firms Hill, Barth & King and North and Co., have merged, expanding HBK’s presence and clientele in Florida.

CalCPA members, get your cameras ready.

The wheels can sometimes grind slowly at the Treasury Department, and never more so than in getting the program up and running for relieving banks’ balance sheets of mortgage-backed securities and other undesirables.

Better information and guidance could improve the oversight of retirement plans and reduce fees for participants, according to a new report by the Government Accountability Office.

Seventy percent of CFOs and other finance professionals support approval of the Securities and Exchange Commission’s roadmap for adopting International Financial Reporting Standards, according to a new survey by Deloitte.

Small companies in the U.S. are free to move to the International Accounting Standards Board’s stripped-down set of International Financial Reporting Standards for small and midsized enterprises, but few are doing so yet.