The Internal Revenue Service's Business Systems Modernization, a $200 million-plus effort to upgrade the service's systems and processes, is moving ahead, but several of the project's milestones have been riddled by completion delays and cost overruns, the Government Accountability Office said. Specifically, the GAO cited the Customer Account Data Engine -- the new taxpayer information database -- as exceeding its planned schedule by 66 percent and experiencing a 15 percent cost increase; a companion project to the CADE incurred a 153 percent cost overrun; and the modernized e-file program experienced a 41 percent schedule delay.
-
The Securities and Exchange Commission is proposing to allow public companies to report twice a year at the urging of President Trump.
9h ago -
Top 50 Firm Hill, Barth & King acquired BB&K, effective as of May 1, expanding its presence in Florida.
10h ago -
CFO salaries have surged at the biggest companies in the U.S., but the job has become one of the least secure in the executive ranks, according to a new study.
11h ago -
The American Institute of CPAs asked the Office of the Comptroller of the Currency to leverage its stablecoin reporting criteria when regulating the market.
May 5 -
The Internal Revenue Service sometimes backdated tax penalty approvals in at least seven cases involving syndicated conservation easements, according to a new report.
May 5 -
Accounting firms are seeing an increase in scams involving the notices the IRS is sending to taxpayers when they don't provide their direct deposit information.
May 4






