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While New York County, also known as Manhattan, topped the list of counties in 2013 ranked by average wages and salaries with $96,941, the richest county in the country during filing year 2013 in terms of average adjusted gross income was Teton County, Wyo.

April is Financial Literacy Month and Fred Slater, CPA, and Ellen Minkow, CPA, of MS 1040 LLC in New York City are offering some special tax advice.

The Internal Revenue Service and the Treasury Department have issued guidance aimed at making it easier for taxpayers to be automatically enrolled in retirement plans such as 401(k) and 403(b) plans by their employers, simplifying the correction methods if errors are made.

Practitioners need to be aware of the tax-free IRA rollover rules that took effect on Jan. 1, 2015 to protect their clients from major tax problems and penalties.

The Financial Accounting Standards Board is planning to propose two new projects as part of its initiative to simplify accounting standards, along with two new projects for FASB’s Emerging Issues Task Force.

XCM Solutions announced the appointment of Mike Sabbatis as chief operating officer.

New hires, promotions and more…

McGladrey's chief economist expects that the Friday release of unemployment figures will reveal a drop in headline unemployment to 5.4 percent.

Revenue growth expectations among CFOs in North America declined this quarter, according to a new survey by Deloitte.

"Abolish the IRS" is a staple of Ted Cruz's stump speech.

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

KPMG has launched an advertising campaign featuring championship golfers Phil Mickelson and Stacy Lewis, centered around the advancement, development and empowerment of women in business and the sport of golf.

Lois Lerner, the former IRS official whose office gave improper scrutiny to Tea Party groups seeking tax-exempt status, won’t be charged with contempt of Congress.

Small businesses should ask these five questions about software when selecting a tax preparer.

Better processes are needed to reduce the risks of employment tax fraud, according to a new government report.

Turley succeeds Dwight Overturf, who will retire from RMA in August 2015.

A former Swiss asset manager pleaded guilty to helping U.S. clients hide millions of dollars in offshore accounts and avoid paying federal income taxes.

The IRS has fixed its errors, such as improper extra scrutiny of Tea Party groups, and they won’t happen again, the tax agency’s commissioner said Tuesday.

The Top 100 Firm appointed a new CEO, COO and promoted several to managing partners and principals.

The Financial Accounting Standards Board has voted to propose to defer the effective date of the new revenue recognition standard by one year after hearing feedback from constituents.