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The American Institute of CPAs has sent a comment letter to the Financial Accounting Standards Board weighing in on proposed changes in accounting standards for not-for-profits and saying they could create divergence from the financial reporting model used by for-profit businesses.

Members of the House Ways and Means Oversight Subcommittee sent a letter Wednesday urging the Internal Revenue Service to return money it had seized from a Maryland farming couple simply because they deposited money in the bank in amounts under $10,000.

The Institute of Certified Public Accountants in Ireland and the Institute of Chartered Accountants of Bangladesh have signed a memorandum of understanding to provide an online CPA Certificate in IPSAS Financial Reporting in Bangladesh.

Top 100 Firm Grant Thornton LLP’s senior vice chairman, Stephen Chipman, has elected to retire early from the firm in order to pursue new opportunities in line with his professional ambitions, effective October 31, 2015.

Some of our favorite recent tax fraud cases.

Highlights of some of our favorite tax-related blogs from the past week.

DSD Business Systems announced the addition of Acumatica to their portfolio of accounting solutions that includes Sage 100, 300 and 500.

Employees of the Internal Revenue Service, the Treasury Department and dozens of other federal agencies and departments have elected a new president of the National Treasury Employees Union, Tony Reardon.

Hillary Clinton has rolled out a plan to make college affordable that her presidential campaign has dubbed the New College Compact, enabling students to pay for higher education without taking out costly student loans.

Many tax practitioners will meet holders of foreign accounts who have either deliberately or unintentionally failed to accurately report their foreign accounts and will need to advise them on the best way to make the disclosure to the Internal Revenue Service.

A federal appeals court has reversed a Tax Court decision in favor of an unmarried couple, finding the mortgage debt limit provision in the Tax Code applies on a per-taxpayer basis and allowing each of them to deduct mortgage interest up to the $1.1 million limit.

Intacct announced which channel partners have earned membership into the President’s Club, honoring top-performing channel partners, VARs and Intacct Accountants Program firms.

Nearly one-third of U.S. adults believe there is a greater than 50 percent chance they will outlive their savings, according to a new survey.

The Public Company Accounting Oversight Board is seeing some improvements in audits of internal control over financial reporting, but also some contradictory findings.

The Securities and Exchange Commission has issued an interpretive rule clarifying that whistleblowers are protected by retaliation by employers even if they have not reported their concerns to the SEC first.

Prime Minister Narendra Modi needs to offer much more than just his best intentions to clean up India’s whimsical tax regime to help convince insurers.

The other day, as I was browsing LinkedIn, I saw a job advertisement for a tax manager. Now I can honestly say I know nothing about the firm or even the location, but the first three words in the ad made me stop dead in my tracks (and no, I’m not looking for a new job.) “Beautiful Downtown Office.”

The National Association of Certified Valuators and Analysts has launched international chapters in Africa and Europe.

Financial Accounting Standards Board chairman Russell Golden explained how FASB is working with both the International Accounting Standards Board and other national standard-setters, including China and Germany, as FASB moves past the convergence process.

I testified two times before the House Ways and Means Committee, in June 1980 and June 1985.