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The Internal Revenue Service did not always follow its own internal guidelines for notifying taxpayer representatives of the filing of a Notice of Federal Tax Lien against their clients, according to a new report.

The Internal Revenue Service has decided to postpone the unpaid furlough day it had scheduled for August 30 after making progress on cutting costs at the agency.

The National Federation of Independent Business and the S Corporation Association released a new study Wednesday showing that S corporations pay the highest effective rates of any business type.

A proposal to drastically cut or abolish state income taxes in Georgia and replace them with higher sales taxes would raise taxes on up to 80 percent of Georgia taxpayers and spike Georgia's average state and local sales tax to as high as 14.5 percent, according to a new study.

ADP has integrated its ezLaborManager product with RUN Powered by ADP Payroll for Partners, with the goal of allowing accountants and other payroll service providers to help their clients with compliance while collecting employee hours and calculating and reporting time and attendance.

The Financial Accounting Standards Board issued for public comment Wednesday a proposal that would define a public business entity.

The American Institute of CPAs has sent a comment letter to the Internal Revenue Service and the Treasury Department highlighting potential problems for international tax entities from the IRS’s proposed regulations related to the net investment income tax.

Nonprofit accounting software maker Blackbaud has released Blackbaud MobilePay, a mobile credit card processing application that is integrated with the company’s payment processing services.

Recruiting season is approaching once again for public accounting firms, which brings another round of questions that firms need to answer.

The Internal Revenue Service is required to notify taxpayers of their rights when requesting an extension of the statute of limitations for assessing additional taxes and penalties, but might not always notify them or their representatives, according to a new report.

The Public Company Accounting Oversight Board has released its latest inspection report on Ernst & Young after the New York-based firm failed to address certain quality control issues to the satisfaction of the PCAOB.

A pair of Senate Democrats have introduced legislation to end unlimited tax write-offs on performance-based executive pay, allowing publicly traded corporations to deduct only up to $1 million in pay per employee.

Governmental Accounting Standards Board chairman David Vaudt and Financial Accounting Standards Board chairman Russell Golden discuss how they are working together on initiatives such as leasing and pension standards, communicating about accounting standards in a more understandable way, and reaching out to key stakeholders for input, in a joint interview with Accounting Today editor-in-chief Daniel Hood.

ALPFA, the Association for Latin Professionals in Finance and Accounting, has signed a three-year sponsorship agreement with the management and advisory firm Tatum.

Laura Kucera has joined Friedman LLP as its new chief marketing officer.

Aronson LLC has acquired SpringReef Partners, a consultancy firm that offers wealth management services to high net worth families.

Public Company Accounting Oversight Board member Jeanette Franzel told a group of accounting educators that lack of professional skepticism is one of the main reasons for the prevalence of audit weaknesses found in the PCAOB’s inspections of the work of auditing firms.

The Internal Revenue Service has finalized regulations governing certain transfers of property to regulated investment companies and real estate investment trusts.

The Internal Revenue Service has issued guidance on the branded prescription drug fee for next year.

A Los Angeles-area tax preparer has been arrested on charges of filing false claims for tax refunds.