The Latest

The Congressional Budget Office sees the deficit growing to $407 billion for the year ending Sept. 30 and ballooning to $438 billion next year, with the takeover of Freddie Mac and Fannie Mae threatening to send it far higher.

United Rentals has agreed to pay $14 million to settle charges that it engaged in financial fraud and a broad range of improper accounting practices.

PricewaterhouseCoopers has released three new guides to help companies make the transition to International Financial Reporting Standards.

“A rock is a rock.

Actor Nicolas Cage, whose movie Bangkok Dangerous topped the weekend box office numbers, has settled his tax debts with the Internal Revenue Service for $666,000, plus interest.

Crowe Chizek has changed its name to Crowe Horwath to reflect the firm's membership in the Horwath International network.

The National Society of Accountants chose a new slate of officers, district governors and state directors, and handed out awards, at its 63rd annual meeting.

Approximately $7.6 billion of potentially collectible taxes is lost annually due to withholding noncompliance, according to a report from the Treasury Department's inspector general.

The Internal Revenue Service and the Treasury Department have issued new regulations that will make it easier for charities to gain tax-exempt status.

Federal taxes are the most important issue for small business owners, according to a survey by payroll processor PayCycle.