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Top officials at the Internal Revenue Service met with mortgage industry groups this week to discuss possible fixes to the agency’s verification system, which lenders rely on to process mortgage loans.

Two Federal Reserve officials, both former Goldman Sachs Group Inc. executives, expressed doubt corporate tax cuts under consideration in Congress will lead to an investment or hiring boom.

The tax reform bill that’s due for a vote this week in Congress will leave lots of tax loopholes for taxpayers and tax practitioners to strategize around for years to come.

State and local governments could gain between $8 billion and $13 billion in tax revenue this year if states were given the authority to require sales tax collection from all remote sellers, such as e-commerce websites, according to a new government report.

The last few weeks of the year can be a stressful time both personally and professionally for everyone, including small business owners preparing for both the New Year and the tax year.

It looked like Steinhoff International Holdings NV had reached escape velocity from South Africa’s deepening economic gloom: A furniture retailer emulating Ikea’s model and global ambitions, built by men with their own compelling rags-to-riches stories.

The top tax rate that U.S. companies would pay on an estimated $3.1 trillion in earnings they’ve stockpiled overseas crept up to 15.5 percent in the final version of the GOP tax bill released Friday.

Mortgage lenders are bracing for big delays in the processing of mortgage applications, citing a problem with the income verification system at the Internal Revenue Service.

Some taxpayers may be able to claim losses on 2016 returns.

The IRS has guidance for taxpayers who suffered under Harvey, Maria and Irma.

Assuming the GOP bill passes, it will still need to be implemented, and a technical corrections bill issued.

Two years ago, the Financial Accounting Standards Board decided to defer the effective date of the revenue recognition standard for a year until Dec. 15, 2017 for public companies to give them more time to adjust to the new standard and to work out some kinks in the far-reaching rules. The deferred effective date arrived Friday, and many companies still aren’t ready.

Amazon.com Inc. will pay 100 million euros ($118 million) to the Italian tax authorities for the period of 2011-2015 in a settlement that closes the fiscal probe by the country’s tax police, Italy’s Revenue Agency said in an emailed statement Friday.

Google makes its e-mail the most secure on the planet, LinkedIn aims to make business chat snappier, a new digital bank for small businesses, and other new technology developments for you and your clients.

The National Association of Black Accountants' new partnership will grow its high school "Awareness" program.

Christo Wiese’s grip on his global furniture retailing empire is slipping after the South African billionaire resigned from the board of troubled Steinhoff International Holdings NV and creditors forced a sale of part of his stake.

FASB appoints five to nonprofit advisory committee; Chunowitz, Teitelbaum & Mandel changes name and logo; and more news from CPA offices across the country.

BlumShapiro elects five new partners; Cherry Bekaert appoints Nashville MP; and other recent hires, promotions and personnel news from firms across the country.

Accountants and CPAs need to take the lead in getting ahead of the coming wave of change, says Kimberly Ellison-Taylor.

The Internal Revenue Service released revised guidance Thursday extending its relief for certain partnerships, real estate mortgage investment conduits, and other organizations that didn’t file the necessary returns by the new due date for tax years beginning in 2016.