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The Internal Revenue Service has implemented two separate clarifying changes to its temporary procedures for issuing Individual Taxpayer Identification Numbers to noncitizens with tax extensions and many foreign students.

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Although the legislative trends decided by next month’s elections won’t be known until the lame duck session of Congress and later, based on what we know now it may be a good time to consider selling a small business.

The Financial Accounting Foundation’s recently created Private Company Council plans to host its initial public meeting on December 6.

Former Big Five auditing firm Arthur Andersen has reached a proposed settlement for an additional $38 million with the plaintiffs in a decade-long class-action lawsuit over the firm’s audits of the telecommunications company WorldCom.

Dembo, Freedman & Shutt, CPAs, P.C. has agreed to merge with Teal, Becker & Chiaramonte.

HSMC Companies of Lee’s Summit, Missouri and Orizon CPAs of Omaha, Neb., have officially merged.

The Internal Revenue Service needs to improve the timeliness and accuracy of the audit results posted to taxpayer accounts, according to a new government report.

The Internal Revenue Service said Thursday that more than two dozen tax provisions will be adjusted for inflation for tax year 2013.

Microsoft completed the acquisition of marketing campaign and activities management tool maker MarketingPilot, with plans to have it function as a wholly owned subsidiary of Microsoft within its Business Solutions team – specifically Dynamics CRM.

Cloud financial management and accounting software company Intacct Corp. has secured another round of venture and bank financing, locking in $13.5 million primarily to help fund future growth, product development and expand distribution channels.

President and CEO Ken Bishop shares the latest news from the National Association of State Boards of Accountancy.

Armanino Consulting, the technology services arm of regional CPA firm Armanino McKenna, has become a value added reseller for cloud-based financial planning and reporting technology provider Adaptive Planning.

Jeffrey Diermeier, the former president and CEO of the CFA Institute, has been elected chairman of the Financial Accounting Foundation’s board of trustees, succeeding John Brennan.

Small business-focused cloud and iPad-centric accounting software developer Kashoo has hired former FreshBooks accounting ambassador Kasey Bayne as its new director of business development.

A Southern California tax preparer has been sentenced to five years in prison for preparing and filing false tax returns.

The International Federation of Accountants and the International Integrated Reporting Council have signed a memorandum of understanding to promote cooperation, coordination and alignment in developing an international framework for Integrated Reporting of sustainable business practices.