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.
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Reality bites; can buy you love; community mistrust; and other highlights of recent tax cases.
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Firms utilizing outsourcing, offshoring and other methods to expand their workforce share what works, and what needs to be reimagined.
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The Financial Accounting Standards Board posted an accounting standards update to improve the guidance on accounting for internal-use software costs.
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