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The Internal Revenue Service plans to take further steps to discourage taxpayers from exceeding the limits on contributions to individual retirement accounts within a single year.

If you’re scared of an audit by the IRS, there’s less to fear these days. New data show that budget cuts at the IRS mean the agency is investigating fewer wealthy taxpayers.

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

Todd Benson has joined the management team of Top 100 Firm, Gallina LLP, as chief financial officer.

The discussion of diversity continues with Citrin Cooperman's valuation services practice leader, Mandeep Trivedi and Accounting Today's managing editor, Tamika Cody. The two discuss the steps that needs to be taken in order to recruit and retain more people of color in the accounting profession.

The International Auditing and Assurance Standards Board has released a revised International Standard on Auditing that encourages auditors to thoroughly read through a company’s annual report when auditing, as it provides critical information to the auditor and is ultimately beneficial to the public interest.

The Financial Accounting Standards Board appears to be poised to delay the effective date of its new revenue recognition standard by a year, giving U.S. companies more opportunity to adapt to the changes.

Top 100 Firm Schneider Downs has entered an agreement to merge with the investment banking and management consulting company, The Meridian Group. As a result of the new combination, the firm will take on the new name Schneider Downs Meridian LP.

The importance of implementing a formal three-year strategic plan is often lost in the moment of operational management.

The Financial Accounting Standards Board has issued an accounting standards update on simplifying the presentation of debt issuance costs.

The Internal Revenue Service is seeing some success in its fight against identity theft and tax fraud despite successive rounds of budget cuts.

Not all attorney disbarments make news. But when the attorney being disbarred was an employee at the IRS who dealt with ethical issues, it becomes noteworthy.

Billy M. Atkinson, the chairman of the Private Company Council that helps set accounting standards for privately held companies, said Wednesday that he will not seek a second term as head of the group after his current term expires at the end of this year.

The Institute of Management Accountants has signed a new strategic partnership and opened eight new chapters in India.

The managing partner of the CPA firm PKF Pacific Hawaii has been charged with 13 felony counts relating to losses of more than $500,000 from his firm.

Sage has named Jennifer Warawa global vice president of product marketing for accountants.

Tax pros share their clients’ worst ideas about taxes

Mandeep Trivedi, a valuation services practice leader at the Top 100 Firm, Citrin Cooperman, sat down with Accounting Today's managing editor, Tamika Cody, to discuss how she overcame obstacles as a minority in the accounting profession.

Effective asset protection requires the strategic use of several legal components.

The Public Company Accounting Oversight Board has sanctioned five current and former partners and employees of the auditing firms L.L. Bradford & Company, LLC in Las Vegas and Samyn & Martin in Kansas City, Mo., for violating PCAOB requirements for auditor independence, audit partner rotation, and audit planning and performance.