The Latest

IRS Commissioner Doug Shulman and Treasury Secretary Timothy Geithner want Congress to pass legislation ending the tax on personal use of employer-provided cell phones.

A bipartisan group of members of the House and Senate have written to IRS Commissioner Doug Shulman asking him to temporarily suspend the penalties on small businesses found using some questionable tax shelters.

A new report from the Government Accountability Office blames misreporting of charitable donation deductions as a major factor behind the tax gap, but said that requiring more information reporting might not improve compliance.

Penn Mutual Life Insurance has created a Professional Advisors Alliance program with the aim of bringing together financial advisors and CPAs to expand their services, distribution channels and revenue.

U.S. News & World Report has launched an online poll of the CPA profession, with questions about the economy and the federal government.

H&R Block has named Charles Elliot "C.E." Andrews as the new president of its RSM McGladrey unit.

It’s not too late to sign up for the upcoming “We’re About Success!” program, an initiative designed to help young African-American accountants move up in their careers and prepare them to earn their CPA credential earlier on. Firms from around the country are invited to support their young African-American accountants with one year or less experience by registering them with this program.

The American Institute of CPAs has revised its Certified Information Technology Professional designation, redefining the credential’s body of knowledge to more closely align with IT expertise as it relates to auditing and attest services as well as financial analysis and data reporting.

One of the enduring lessons I’ve learned over my career is the valueof having mentors. In my experience, the advice, guidance, andencouragement of a wise and trusted mentor has been invaluable. Mentoring is an ideal way to reach across all generations and share knowledge and experiences that are different for all of us.

ALABAMA