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Ernst & Young was honored with a 2015 Stevie Awards Innovation of the Year award for the firm's Affordable Care Act Compliance & Analytics Support System.

The Supreme Court’s highly anticipated 6-3 decision Thursday in King v Burwell found that premium tax credits under Code Sec. 36B, also known as health insurance subsidies, are not limited solely to taxpayers who live in states that have established their own health insurance exchange but are also available to taxpayers residing in states that have a federal exchange.

Officials from the Treasury Inspector General for Tax Administration told a congressional hearing that a number of backup tapes from Lois Lerner, the former director of the IRS’s Exempt Organizations unit, had been erased and they were unable to recover thousands of her old emails.

The owners of hedge fund-backed reinsurers, including one tied to John Paulson, could have to pay more taxes or shift their focus under a bill introduced by Senator Ron Wyden to counter what he called abuses by offshore companies.

U.S. lawmakers are exploring a new corporate tax break that would benefit companies already adept at avoiding taxes.

A slideshow of innovative social media from the accounting profession

The King v Burwell decision by the Supreme Court, while leaving the status quo unchanged, nevertheless has elicited statements ranging from seasoned analysis to partisan diatribes on both sides of the issue that was litigated.

8 examples of innovative social media from the accounting profession

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

The Public Company Accounting Oversight Board has scheduled an open meeting for next Tuesday to consider the issuance of a supplemental request for comment on rules to require disclosure of certain audit participants and a concept release on audit quality indicators.

Senate Finance Committee ranking member Ron Wyden, D-Ore., has introduced legislation aimed at preventing offshore tax avoidance by some U.S. hedge fund “reinsurers.”

A pair of Democrats in the Senate and House have introduced legislation to end the tax break for carried interest that benefits hedge fund managers, private equity firm partners and venture capitalists.

Intuit announced a new partnership with Receipt Bank to offer exclusive benefits to QuickBooks ProAdvisors.

The Practising Law Institute has released the Foreign Account Tax Compliance Act Answer Book 2015, a new Q&A guide that provides information on FATCA.

A roundup of recent accounting firm mergers and acquisitions

The Institute of Internal Auditors is releasing a new whitepaper describing 10 imperatives for internal auditors.

The Supreme Court, in a 6-3 decision, has upheld the tax subsidies under the Patient Protection and Affordable Care Act.

Last week, Rand Paul said he wanted to blow up the tax code. Next week, he could be suing the tax man.

The American Institute of CPAs has published a new guide to help CPAs interpret and apply Statement on Standards for Accounting and Review Services No. 21.

By taking the time to plan for next year’s tax season during the off-season, you will be more prepared, more capable, and less frantic.