The Latest

The Internal Revenue Service is not doing enough to crack down on tax preparers who use illegal tax shelters and to keep track of complaints against them by clients, according to two new reports.

More than two-thirds of the 100-plus CPAs present at a New York State Society of CPAs breakfast indicated they had clients affected by the Bernard Madoff scheme. For investors who need funds soon, the IRS may be the best bet.

The Internal Revenue Service has issued information to help employers claim credit for the COBRA medical premiums they pay for former employees under provisions of the recently passed stimulus bill.

Swiss bank UBS has been sued by a group of wealthy U.S. account holders who want to keep their identities and accounts from being revealed to the Internal Revenue Service.

CaseWare IDEA and Audimation Services plan to introduce the latest version of their IDEA audit software, including a new project overview feature that presents a graphical representation of the entire audit or investigation process.

Children with investment income may have part or all of this income taxed at their parent’s tax rate rather than at the child’s rate, according to the IRS.

Have your eye on a special young CPA superstar within your firm? Nominate that individual to take part in an inaugural Leadership Academy sponsored by the American Institute of CPAs. Read more on the Accounting Tomorrow blog.

The next meeting of the Financial Crisis Advisory Group is scheduled for March 5 as accounting leaders and regulators sort out issues related to the recession.

Ric Rosario is stepping into some big shoes at Camico Mutual Insurance Co.

Familiar with Dilbert, that lovable cartoon character that gives corporate cubesters a chuckle every day?