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Students completing the Free Application for Federal Student Aid form can now skip the time consuming process of copying their tax data onto the form.

The AICPA celebrated its 125th anniversary last week at its Spring Meeting of Council, and our reporters were on site to bring you the highlights.

The Internal Revenue Service is offering more flexible terms in its Offer in Compromise program to help financially distressed taxpayers clear up their tax problems more quickly.

The New York State Society of CPAs has written to the Internal Revenue Service asking for a simplified method of electing deferral of U.S. taxation on Canadian Registered Retirement Savings Plans.

Senators Charles Schumer, D-N.Y., and Bob Casey, D-Pa., have unveiled a plan to respond to those like Facebook co-founder Eduardo Saverin, who recently moved to renounce his U.S. citizenship, allegedly to avoid taxes on the profits he is expected to collect from the social networking company’s initial public offering.

While most people may be concentrating on saving for retirement, putting their kids through college, or buying that second home, they must also take the time to evaluate their risk management portfolio.

Recent anniversaries, awards, office openings and more at accounting firms across the U.S.

Recent hires, promotions, awards and more at accounting firms across the U.S..

Ohio-based accounting firm Skoda Minotti has acquired information technology firm PBnJ Solutions, and added it to its Technology Partners services group.

Top 10 Firm BKD LLP announced that regional managing partner Ted Dickman will be its next CEO, effective June 1.

Nonprofit-focused accounting software maker Blackbaud Inc. has enhanced Blackbaud CRM to include new membership features, a simplified user interface accessible on mobile devices, and intuitive duplicate management options.

Electronic document management software developer eFileCabinet Inc. has partnered with e-signature provider RightSignature to offer digital signatures across the suite of eFileCabinet products.

Moss Adams chairman Robert Bunting, a former chairman of the American Institute of CPAs, assembled a group of his fellow former AICPA chairmen to mark the 125th anniversary of the Institute.

A group of high-ranking officials in accounting and auditing standard-setting organizations discussed the changing standards for mandatory audit firm rotation, private company accounting and other controversial issues at the American Institute of CPAs’ Spring Meeting of Council.

An Essex County, N.J., tax return preparer who allegedly filed hundreds of phony federal income tax returns using the identity of a dead return preparer whose business he bought was arrested by federal agents early Thursday morning.

The Federal Register publishes a quarterly list of persons who have renounced their citizenship. Known as the "name and shame" list, the most recent one, published on April 30, contains the name Eduardo Saverin, co-founder of Facebook. While the move may have nothing to do with Friday's Facebook IPO, it could result in significant tax savings for Eduardo.

KPMG has signed a partnership with cloud-based enterprise IT operations automation service provider ServiceNow to deliver professional services offerings designed specifically to help rapidly transform enterprise IT activities.

Long-standing accounting software brand Peachtree is now Sage 50 Accounting, as Sage North America officially released the 2013 product line to the U.S. market, which boasts several new features including mobile payment abilities, integrated business intelligence and enhanced support.

Cloud accounting software provider Wave Accounting has secured $12 million in venture capital financing, with plans to establish a physical U.S. presence and enhance the product for its core market of freelancers, entrepreneurs, sole proprietors and small business owners.

CPA firms are starting to feel more pressure again from the economy as the recovery ever so slowly ramps up, with international problems threatening to throw it off course, and regulatory requirements adding to their workload.