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The Internal Revenue Service said Tuesday that it plans to help U.S. citizens who reside in foreign countries, catch up with their tax-filing obligations and offer assistance to those with foreign retirement plans.

CCH introduced technology Tuesday to allow third-party applications to integrate with its ProSystem fx software, share data and support workflow.

Before saying, “I do,” 78 percent of couples have discussed their personal finances, according to a new survey.

The Maryland Association of CPAs launched its new Center for Transparency, Performance, Management and Accountability using XBRL (TPMAx), with a special XBRL Thought Leader Symposium today.

Seventy-seven percent of private equity firm predict there will be more attractive investment opportunities in 2012 than in 2011, according to a new survey by Rothstein Kass.

Plante Moran and Blackman Kallick, two of Chicago’s biggest accounting firms, will merge effective July 1, 2012. Together, the two firms employ 2,000 staff members in 22 offices in Illinois, Michigan and Ohio, and three offices internationally. Combined revenue for the firms in 2011 was approximately $375 million.

The International Accounting Standards Board has issued a request for information seeking suggestions on what amendments need to be made to International Financial Reporting Standards for Small and Medium-sized Entities.

Public companies saw a 5 percent increase in the fees they pay to external auditors last year, while private companies reported a 7 percent rise, according to a new survey from Financial Executives International.

The hallowed retirement age of 65 is being quietly retired.

CCH Canadian Ltd. and XCM Solutions have partnered to distribute XCM's cloud-based workflow solutions in Canada under the name CCH Workflow - powered by XCM.

Bhakti Patel joins Macias, Gini & O'Connell as a director in its government assurance practice

The Governmental Accounting Standards Board voted Monday to approve two new standards to improve the accounting and financial reporting of public employee pensions by state and local governments.

Financial Executives International has selected William J. Ihlanfeldt, Hans G. Storr, Robert P. Wayman and John K. Wulff as inductees in its 2012 class of the FEI Hall of Fame.

KPMG LLP has launched a new service, Operational Transfer Pricing, to help multinational companies better navigate the growing risks they face with intercompany transactions internationally.

Students and their families do not always select tax breaks that could help them afford the cost of college tuition, possibly because tax filers are unaware of their eligibility for the tax credit or deduction or are confused about their use, according to a government report.

American Express has introduced Payve, a new digital payment service that allows large and midsize companies to centralize multiple payment methods through a single electronic system.

CPA and consulting firm Wipfli LLP has launched a new practice to offer turnaround and restructuring services to businesses that are experiencing operational and financial distress and attempting to recover.

The International Auditing and Assurance Standards Board has issued a new document outlining a possible approach to an improved auditor’s reporting model, while inviting the public to comment.

The Governmental Accounting Standards Board has issued a proposed statement for public comment to provide guidance to state and local governments that offer nonexchange financial guarantees, and governments that receive guarantees on their obligations.

Deloitte has expanded its electronic discovery management and litigation services by acquiring substantially all of the assets of IE Discovery Inc., an Austin, Texas-based provider of legal discovery services to government agencies, particularly the federal government.