Subject Root Tag

IMGCAP(1)]The subprime mortgage crash of 2008 created a landslide of foreclosures and short sales which could persist for many years. A whole new industry in short sales has sprung up. All this has left taxpayers and their advisors scrambling for answers on the correct tax consequences.

Kenneth Leventhal, CPA, founder of one of the largest CPA firms in the country, Leventhal & Co., and a noted philanthropist, died on May 8 at the age of 91.

Baerson Witonski Berkowitz & Rubin LLC is merging its practice into Mowery Schoenfeld, LLC, headquartered in Lincolnshire, Ill.

Organizations worldwide lose an estimated 5 percent of their annual revenues to fraud, according to a new survey of Certified Fraud Examiners.

The Public Company Accounting Oversight Board is making some progress in its efforts to inspect auditing firms in China.

The Internal Revenue Service is helping law enforcement authorities crack down on drug dealers in the Southern California area.

Small business owners ranks Idaho and Texas as the most business-friendly states, with Oklahoma City and Dallas-Ft. Worth taking top honors among cities across the nation, according to a new survey.

Banking executives are predicting that the majority of banks will miss the deadlines for complying with new requirements under the Foreign Account Tax Compliance Act for reporting on foreign bank accounts and assets held by U.S. taxpayers.

Cloud accounting and financial technology provider FinancialForce.com has teamed up with customer relationship management data integration provider Scribe to connect FinancialForce.com’s billing application with legacy, on-premises-based enterprise resource planning systems.

The Securities and Exchange Commission has filed charges in an enforcement action against Deloitte’s affiliate in Shanghai, China, accusing the firm of violating U.S. securities laws by refusing to produce audit work paper documents.

A pair of Democratic lawmakers have introduced a bill aimed at reducing taxes for businesses that move jobs back to the U.S.

Edvard Munch, the painter of “The Scream,” was no big fan of the Norwegian tax authorities.

Top 100 Firm Eide Bailly announced that nine staff members have been accepted into the partnership: Travis Burgess and Jodi Daugherty, in Boise, Idaho; Judy Vorndran and TJ Bert, in Golden, Colo.; Todd Harker, in Vail, Colo.; Sean Hales, in Phoenix; and Jenni Huotari, Chris Lee and Shelley Earsley, in Fargo.

Employees are becoming more proactive and less reactive with respect to their finances, particularly with retirement planning, according to a new survey.

Financial matters are the most common source of disagreement among American couples, prompting an average of three arguments per month, according to a survey conducted for the American Institute of CPAs by Harris Interactive.

A bipartisan group of lawmakers have introduced legislation that would increase the penalties on tax preparers who defraud taxpayers and the Internal Revenue Service by altering tax returns for personal benefit without their clients’ knowledge.

State tax officials are expanding their concept of what constitutes a taxable economic presence in their state as more economic activity moves online.

Taxpayers whose identities are stolen receive confusing and conflicting instructions from the Internal Revenue Service and delays of up to a year before their tax problems are resolved, according to a new report.

The Internal Revenue Service and the Social Security Administration were urged during a congressional hearing Tuesday to take further steps to curb identity theft-related tax fraud.

Sage North America has partnered with cloud-based sales tax automation service provider Avalara to form the Accountants Resource Center for Sage Accountants Network members.