The Latest

CCH has begun offering batch processing for its Tax Zone Locator and other products on the CCH Tax Research NetWork.

The Internal Revenue Service has decided to renew the contracts of two companies involved in its controversial private debt collection program.

The real value of bank holdings has been generating controversy in the accounting profession as banks find themselves under increasing pressure to be more upfront about the true value of their assets, assuming they can be accurately valued, even with ballpark estimates.

There is growing diversity within CPA firms, and it is taking many forms. For example, the male domination is beginning to wane. This is especially seen at the entry level and is working its way up. There are four distinct generations in the profession, with sharply different views of work and possessing unique skill sets. Then there is the greater influence of marketers, firm administrators, and technologists in firm operations. And don’t forget the more traditional diversity with regard to different cultures and races.

The Internal Revenue Service said that electronic filing is already off to a strong start, with more than 38 million tax returns filed electronically so far.

After the Cook County Board voted over the weekend to double the county's sales tax rate to 1.75 percent, Chicagoans found themselves about to pay the highest sales tax rate of any major city in the nation: 10.25 percent.

The Internal Revenue Service said it is encouraging business taxpayers, associations and other interested parties to submit controversial tax issues to its Industry Issue Resolution Program.

The Center for Audit Quality marked its first anniversary with a report on its progress in improving public confidence in the audit process.

Accounting firms Gray, Gray & Gray and Patterson & Gerry have merged, expanding Gray's presence in the Massachusetts market.

The Supreme Court has unanimously overturned a decision by the Ninth Circuit court in a criminal tax evasion case.