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The Internal Revenue Service has updated the per diem rates for taxpayers to use in 2012-2013 when substantiating the amount of ordinary and necessary business expenses incurred while traveling away from home.

For the eighth consecutive year, the Internal Revenue Service has chosen CCH to provide the agency with comprehensive sales tax rate and taxability tables that can be used by millions of taxpayers in preparing their returns.

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The Internal Revenue Service is warning tax professionals that starting October 1, it will no longer accept paper-based applications to become electronic filing providers.

In January 1999, a trust set up by Mitt Romney for his children and grandchildren reaped a 1,000 percent return on the sale of shares in Internet advertising firm DoubleClick Inc.

Edward Reitmeyer has joined the Philadelphia office of CBIZ MHM, LLC where he will serve as managing director and head the Real Estate Advisory Services Group.

A new report from a Treasury watchdog revealed that federal agencies owe approximately $14 million in unpaid taxes.

Sir David Tweedie, the former chairman of the International Accounting Standards Board, has been appointed chairman of the Board of Trustees of the International Valuation Standards Council.

Americans are losing faith in their ability to invest, according to a new study from Hearts & Wallets, a retirement and savings research firm. The study found that more than four in 10 investors (41%) view themselves as "very inexperienced" with investing, up from 27% last year.

(Bloomberg) Camera and medical equipment maker Olympus Corp.’s former chairman Tsuyoshi Kikukawa pleaded guilty to covering up losses at the Japanese camera maker in an accounting fraud case that sparked criticism of ineffective corporate governance in Japan.

Preparers’ reactions range from annoyance over spam to concern over online privacy as they’ve learned that the IRS is publicly releasing some of the information it collects as part of its Preparer Tax Identification Number registration.

Taxpayers can generally deduct ordinary and necessary expenses for conducting a trade or business or for the production of income.

Tax services firm Ryan has signed an agreement to acquire the Thomson Reuters Property Tax Services business.

The Internal Revenue Service Statistics of Income Division has released its 2012 Summer SOI Bulletin, with a number of articles based on the most recent data available from various returns filed by U.S. taxpayers.

David Burns has joined BDO Capital Advisors LLC, the investment banking unit of BDO USA LLP, as managing director.

The Treasury Inspector General for Tax Administration, in an audit to assess the IRS management of the Electronic Federal Tax Payment System, found that business taxpayers were effectively transitioned to electronic payments, but were not always timely contacted when payments were missed.

CPACA Leadership Study Says Communication Key, Integrity Essential

Online document management software maker KnowledgeTree has added Quick Start templates for its enterprise-focused document management solution, allowing users to immediately co-author, organize, and manage critical documents in an environment designed for their teams.

Celebrating its 10th anniversary this year, the Sarbanes-Oxley Act is provoking a retrospective look at the good and bad after-effects of the landmark legislation.