The Latest

American Institute of CPAs president and CEO Barry Melancon said there should be a permanent, independent funding mechanism for the International Accounting Standards Committee Foundation, the governing body of the International Accounting Standards Board, with some of the money coming from companies in the U.S.

The Internal Revenue Service correctly calculated the recovery rebate credit on the vast majority of tax returns it processed this year, but it still missed out on tens of millions of dollars.

Method Man, a member of the hip-hop collective the Wu-Tang Clan, has been arrested on felony charges of failing to file New York State income tax returns for 2004 to 2007 and not paying $32,799 in personal income taxes for the same period.

A retired Boeing sales manager is the latest UBS client to plead guilty to filing a false tax return after the Swiss bank agreed to disclose the identities of some of its U.S. clients.

Well, yes. But in this case she’s an Ironman competing in this year’s Ford Ironman Championship.

IMGCAP(1)]Today’s economic conditions are creating an environment in which many organizations need to streamline back-office business processes and improve visibility of incoming and outgoing cash flow.

The Association of Chartered Certified Accountants recommends in a new report that environmental regulators should work with international accounting standard-setters to develop a universally applicable climate change reporting standard for organizations of all sizes.

A husband and wife who owned and operated hair salons in Southern California were sentenced to prison for failing to pay payroll taxes.

Accounting firms Parente Randolph and Beard Miller Co. have officially become ParenteBeard.

About 47 percent of households, approximately 71 million, will not be paying any income taxes this year, according to the Tax Policy Center, placing a greater burden on those who do.