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John Paulson, a lifelong New Yorker, is exploring a move to Puerto Rico, where a new law would eliminate taxes on gains from the $9.5 billion he has invested in his own hedge funds, according to four people who have spoken to him about a possible relocation.

A federal court has denied for a second time H&R Block’s attempt to prevent Intuit from airing two TV commercials for TurboTax that poke fun at part-time tax preparers who work for retail tax chains like Block.

The IRS recently made it clear that even if taxpayers engage a third party to perform a cost segregation analysis, they cannot avoid penalties for aggressive positions taken in the cost segregation report.

The former manager of an H&R Block outlet pleaded guilty Monday to charges that he used the identities of his former tax prep clients to file false tax returns seeking fraudulent tax refunds.

Small business owners prefer a Tax Code with low rates and fewer deductions, according to a new survey by the National Federation of Independent Business, but their bottom line is whether their taxes rise or fall.

Editor-in-chief Dan Hood gives an executive summary of our 2013 Top 100 Firms & Regional Leaders report.

Accounting Today has released its Top 100 Firms and Regional Leaders report for 2013, ranking the largest firms in the U.S. and in regions across the country.

The Financial Accounting Foundation has released an updated print edition of the Financial Accounting Standards Board’s Accounting Standards Codification, and appointed some new members to its advisory committees.

The Minnesota Department of Revenue is advising the state’s tax payers not to use Intuit products to file their 2012 taxes electronically or on paper due to what it claims are “multiple issues” with their products, according to a recent Forbes article.

The Internal Revenue Service is reminding tax practitioners that they cannot electronically file Form 8839, Qualified Adoption Expenses, this year, but instead must mail the forms to the IRS.

Michael Schneider has joined ParenteBeard as partner in the firm’s consulting practice. He will work out of the firms Lehigh Valley, Pa.

DiBenedetto & Company PA combines its practice with the Hampstead, N.H.-based Olbricht Storniolo Group LLC, CPA’s and Business Advisors.

ADP has introduced ADP SmartCompliance, a set of outsourced services to assist organizations with tax, employment and payroll compliance.

A law firm representing a trio of independent tax preparers has filed a strongly worded response to the Internal Revenue Service’s motion for a stay on a judge’s ruling that invalidated the IRS’s testing and continuing education requirements for tax preparers.

The IRS has released a new notice with guidance on the American Taxpayer Relief Act, and gives employers extra time to file a form to qualify for the Work Opportunity Credit.

The number of tax-delinquent federal workers and retirees increased by 11.5 percent in 2011, according to Internal Revenue Service data.

The Internal Revenue Service’s Office of Professional Responsibility has obtained the disbarment of enrolled agent Lorna M. Walker for stealing a client's tax payments and preparing tax returns with false deductions for multiple clients.

The Internal Revenue Service has notified tax attorneys around the country that their clients have been disqualified from participation in the Offshore Voluntary Disclosure Program, even after they had initially been accepted in the program.

Angie Grissom has been promoted to president at The Rainmaker Companies. Grissom, who formerly served as executive vice president and COO, will oversee the firm’s alliances, consulting and training services.

The Group of 20 finance ministers, along with the European Commission, are calling for improved accounting standards in the public sector.