The Latest

When I became a CPA, my father, a small-town physician, asked me to prepare his tax return. I commented that his business appeared to be down. “That can’t be, Kathy,” he responded. “I’m seeing more patients than ever!”

Intuit has awarded grants of between $10,000 and $20,000 in value to 10 tax and accounting professionals.

Despite some decreases in 2008, the IRS’s overall level of compliance activities remains higher than in the years immediately after implementation of the IRS Restructuring and Reform Act of 1998.

Former NFL quarterback Bernie Kosar has filed for bankruptcy, listing debts to the IRS and Broward County, Fla., along with debts arising from the collapse of the Florida real estate market.

Four Southern congressmen have written to the IRS asking for casualty loss deductions for homeowners whose property has been damaged by installations of defective Chinese drywall.

Nine trade groups representing the financial, insurance, banking, real estate and other industries have united to create a coalition with the goal of influencing accounting standard-setters who are working on revising the rules for financial instruments.

Liberty Tax Service, the third largest tax preparer in the U.S., has lost a lawsuit over deceptive ads that California Attorney General Jerry Brown claimed blurred the line between free tax refunds and expensive refund anticipation loans.

New York’s new accountancy reform law, which goes into effect July 26, 2009, broadens the definition of the scope of practice of public accountancy to include all professional services provided by a CPA.

IMGCAP(1)] You made it. After the grueling pressure of finals, all-nighters, working several jobs, and extra-curricular activities, you have graduated from college and landed the job that made it all worthwhile.

In one of the great Dilbert cartoons, the staff isassembled to hear a product pitch from a potential vendor.