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Contrary to its own guidelines, the Internal Revenue Service has not evaluated whether the goals of its streamlined corporate tax audit process are being achieved or if the process should be expanded, according to a new report by the Government Accountability Office.

BB&T Corp. lost a bid to recover at least $688 million in taxes and penalties as a federal judge ruled a series of transactions with Barclays Plc, aimed at generating tax credits, lacked economic substance.

Business management automation company Talygen announced that its software can now be integrated with QuickBooks, allowing users to import and export data about their clients, projects, and tasks between the two products.

Bloomberg BNA has released its annual projections of U.S. tax rates for 2014.

WTP Advisors has merged with the forensic accounting and litigation firm, Boucher Stickley Group.

Big Four firm PricewaterhouseCoopers LLP has been hired by BlackBerry Ltd. to evaluate the struggling Canadian smartphone maker for potential buyers, according to two people with knowledge of the move.

The age-old issue of whether to deduct or capitalize just got a bit more clear.

An annual study of SEC disclosures showed that the Fortune 500 collectively believe that they have underpaid their corporate income tax by $191.7 billion, an increase of 2.2 percent from the group’s collective tax reserves last year.

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The Securities and Exchange Commission charged JPMorgan Chase & Co. Thursday with misstating financial results and lacking effective internal controls to detect and prevent its traders from fraudulently overvaluing investments to conceal hundreds of millions of dollars in trading losses.

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Kashoo has released version 3.0 of its cloud accounting software app for the iPad, which boasts a new design and productivity-increasing enhancements.

Accountants don’t think their small-business clients are prepared for the Affordable Care Act, according to a recent survey.

Software partner veteran Terry Petrzelka explores the trend of CPAs moving, or considering the move into technology consulting, as well as why some top VARs have not yet expanded their offerings.

The accounting profession’s expectations for economic growth dropped somewhat this month, according to the September edition of Accounting Today’s monthly Accountants Confidence Index.

Secure file-sharing product maker Lockbox has released an iPhone and iPad app to give current customers the ability to view their sensitive files securely and privately in a mobile setting.

Wipfli has released Wipfli Connect for Manufacturing, a product designed to help product and equipment manufacturers optimize every aspect of the customer lifecycle—from sales, to production and delivery, to service after the sale.

Top 30 CPA firm Carr, Riggs & Ingram has merged Gainer Donnelly, expanding their geographic reach with the local Houston CPA firm, which was one of Accounting Today’s 2013 Regional Leaders for the southwest.

In a new ruling, the Tax Court has held that accounts receivable constituted related party debt under Code section 965(b)(3), and therefore part of the deduction claimed by the taxpayer, BMC Software, Inc., was disallowed.

Consultant and author Gale Crosley is the 2014 recipient of The Advisory Board’s Hall of Fame Award in recognition of her significant contributions to the accounting profession.