The Latest

The First-Time Homebuyer Tax Credit that was part of the stimulus package may be giving a lift to the housing industry, but it’s also been having the unintended effect of stimulating some dishonest tax preparers and taxpayers to practice tax fraud.

The former CFO of Stanford Financial Group has pleaded guilty to fraud and obstruction charges in a scheme involving the sale of $7 billion in certificates of deposit issued by the Antigua-based bank.

The major federal banking regulatory agencies are asking for comments on a proposed rule for banks’ minimal capital requirements, stemming from two accounting standards that would change how banks will account next year for many items they currently keep off their balance sheets.

The Association of Chartered Certified Accountants has created an online training resource to help accountants hone their career development plans.

The Taxpayer Advocacy Panel, a federal advisory committee of 99 citizen volunteers, made a series of recommendations to the IRS on improving payment installment agreements, the scheduling of audits, fixing problems in 1009 forms and other areas.

Communication style and monetary awards can be the source of major differences in attitude among generations in the workplace, a recent international survey has revealed.

Sarbanes-Oxley was the U.S. government’s response to a decade of financial statement frauds that shook the financial community.

A House subcommittee heard from a panel of small business owners concerned about the disappearance of popular tax deductions at a hearing in Tulsa, Okla., during the congressional recess.

Sage Software showed off the latest edition of its ACT contact management software at the offices here today and demonstrated how it’s now leveraging social networks like Twitter, Facebook and LinkedIn.

IRS data shows an increase in the number of sole proprietorships and S corporations in recent years.