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The Institute of Management Accountants named Jeffrey C. Thomson as its new acting president and CEO.

Orrtax Software Solutions has renamed itself IntelliTax to reinforce its current software line.

The House Ways and Means Subcommittee on Select Revenue Measures held a hearing to discuss tax incentives for post-secondary education.

The Securities and Exchange Commission has filed enforcement actions against global advertising network McCann-Erickson Worldwide, its parent company Interpublic Group of Companies, and two of its former executives, charging them with accounting fraud.

The Taxpayer Advocate Service needs to do a better job of processing requests from taxpayers for relief from Internal Revenue Service enforcement actions, said a new report from the Treasury Department's watchdog group.

The Internal Revenue Service said that economic stimulus payments directly deposited to individual retirement accounts and other tax-favored accounts may be withdrawn tax-free and penalty-free.

Comedian and Senate candidate Al Franken pointed the finger at his accountant for paying his taxes incorrectly and said he would make good on the mistake.

At least 485 cities across the U.S. increased their sales tax rates last year, according to a newly released study.

The total average cost of Sarbanes-Oxley Section 404 compliance reached $1.7 million last year, according to a newly released survey.

Private sector employment rose by 10,000 in April, according to a report by payroll giant ADP.