The Latest

The tiny European countries of Liechtenstein and Andorra are two of the latest tax havens to succumb to pressure from international authorities to share information about assets hidden in bank accounts.

The Internal Revenue Service reported that taxpayers are electronically filing their federal tax returns in record numbers this year.

The Internal Revenue Service released its 2008 IRS Data Book showing big increases last year in tax filings and revenue.

Sixty-eight percent of CFOs have taken steps to boost employee morale in the midst of the economic crisis, according to a new survey, but 26 percent haven’t done anything.

Interactive data-tagging technology could assist government auditors in monitoring the spending done under the $700-billion-plus financial bailout plan.

The Internal Revenue Service has been spending tens of thousands of hours auditing nonprofit credit counseling agencies and ordering changes at the vast majority of them, according to newly released data.

The Financial Accounting Standards Board and its parent organization, the Financial Accounting Foundation, sent a comment letter to the Securities and Exchange Commission giving a thumbs-up to the proposed roadmap to International Financial Reporting Standards, but they urged more consultation and study.

Want to really know what an intern at a Big Four firm is thinking? Now you can, because one accounting elf is writing about it all online. With refreshingly little fear of repercussion, a blogger known as "Kel" shares her trials and tribulations of being an accounting student and interning on the blog, Accounting Elf.

The $410 billion spending bill approved Tuesday evening by the Senate to help fund the federal government for the rest of the year includes funding for some nine federal agencies, including the Internal Revenue Service.

A long-standing decision against building supplies retailer Menard, in which $20 million in compensation to its founder and CEO was ruled a dividend and therefore non-deductible, has been reversed by the Seventh Circuit Court.