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An Internal Revenue Service employee has been charged with embezzling government funds for using a government-issued purchase card to go on a shopping spree at Amazon.com.

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The Internal Revenue Service, currently under fire in Congress for its screening of applications for tax exempt status by conservative groups, could also use some improvement in the way it conducts examinations of individual tax returns, according to a new government report.

Guests at the Meet the Editors dinner at Keens Steakhouse in New York give their assessments of the many opportunities available to accountants for growing their practices. Interviewees include Craig Walker of Xero, Kerri Gibson of CCH Small Firm Services, LeeAnn McNeill of ADP Small Business Services, Scott Fleszar of the Tax & Accounting business of Thomson Reuters and Dave Clarke of Kashoo.

A pair of lawmakers have introduced a bipartisan bill in the House that would provide relief to nonprofits, such as the Girl Scouts, which now have higher pension funding rules than taxable, for-profit companies.

Don't worry if you haven't been paying much attention to news in our space this week, there really wasn't much beyond Intuit finally making(or appearing to make) plans to reach more global customers and is reorganizing to do so.

The Public Company Accounting Oversight Board said Friday that it has entered into a memorandum of understanding on enforcement cooperation with the China Securities Regulatory Commission and the Ministry of Finance, in a breakthrough on a long-running priority for the PCAOB that also stops short of inspections.

Lois Lerner, the mid-level Internal Revenue Service official at the center of the controversy over scrutiny of small-government groups seeking tax-exempt status, is being replaced on an acting basis, the IRS said today.

The American Institute of CPAs has expressed its support for the Digital Accountability and Transparency Act, which would establish government-wide financial data standards for federal funds.

What do the Senate hearings on offshore profit shifting and a Supreme Court case decided on May 20, 2013 have in common? They both are generated by our system of taxing U.S. companies on their worldwide income, and they both are the result of the companies meeting their obligations to their shareholders, which is to legally minimize the amount of taxes they pay.

A pair of senators have introduced a bipartisan bill that would suspend federal employees if they willfully neglect to pay their taxes.

Microsoft has selected Denver-based mcaConnect for the Dynamics Industry Partner of the Year 2013 award from over 3,000 entries based on its manufacturing customer achievements with Dynamics AX.

Joseph O'Neill has been named regional managing partner at the firm's Philadelphia office.

The Internal Revenue Service issued a reminder Thursday to U.S. citizens and resident aliens, in addition to dual citizens, that their tax-filing deadline is approaching.

The Public Company Accounting Oversight Board has made public previously confidential quality control criticisms from its 2009 inspection of Ernst & Young LLP after finding that the firm failed to address them to the board’s satisfaction.

Family health and the costs of long-term care and financial support for extended family have emerged as major concerns for high net worth investors and their families, with family health perceived as the biggest risks to family wealth, according to a new survey.

Fifty-four percent of millennials said that debt is currently their biggest financial concern, according to a new survey that found young adults struggling in the wake of the Great Recession.

The first round of congressional hearings on the Internal Revenue Service’s scrutiny of small-government groups didn’t reveal the people who started that practice or provide clearer answers on why they did it.

A pair of lawmakers have introduced legislation to end a tax break that favors foreign-controlled insurers over U.S. insurers.

A post-implementation review of the Financial Accounting Standards Board’s business combinations standard found lingering questions in the minds of some investors, particularly about fair value, despite improvements in the usefulness of the information.