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With Democrats and Republicans in Congress battling over competing tax legislation this week, one new bill should be able to attract bipartisan support.

The Internal Revenue Service has issued final regulations and guidance on reporting interest paid to nonresident aliens, along with a revenue procedure listing the countries with which the U.S. has a bilateral exchange of information agreement.

The financial and retirement confidence of working American adults is eroding, according to a new survey by PricewaterhouseCoopers.

The House Ways and Means Committee held a hearing Tuesday on tax reform and tax-favored retirement accounts as it sought to find ways to use tax policy to encourage more Americans to save for retirement.

Agents at the IRS’s Criminal Investigation division have been cracking down on tax preparer fraud in Southern California in the waning days of tax season.

The Internal Revenue Service warned on Tax Day that it can assess a penalty if taxpayers fail to file or pay taxes, or both.

K2 Enterprises has signed a deal with CPA2Biz, the technology and marketing services subsidiary of the American Institute of CPAs, to distribute on-site learning content.

Groupon Inc, the online coupon company that floated just months ago in the strongest IPO in years, has had recurring accounting problems that critics say show a need for more financial sophistication on its board.

Senate Republicans blocked a bill promoted by the Obama administration that would impose a minimum tax on millionaires.

The Internal Revenue Service delayed tax refunds early this filing season for 7.8 million tax returns, according to a report by the Treasury Inspector General for Tax Administration, which also described steep cutbacks in customer service at the IRS.

The New York State Society of CPAs has written a letter to the Internal Revenue Service asking the IRS to clarify several rules governing the reporting of foreign financial assets.

President Barack Obama and congressional Republicans square off this week over tax hikes for millionaires and tax cuts for businesses, with both sides seen as more interested in scoring political points than in fixing the tax code or shrinking the deficit.

Teresa Mackintosh has joined CCH as executive vice president and general manager of tax. She will head CCH's Tax business unit, serving tax professionals in accounting firms.

While every state offers tax incentives to attract, retain and expand businesses and jobs, few states actually provide good evidence that the tax breaks deliver an effective return on investment, according to a new report.

New Rules Strengthen Risk Management for Financial Markets

Global tax services firm Ryan has filed suit in a federal court in Washington against Treasury Secretary Tim Geithner and IRS Commissioner Doug Shulman challenging Circular 230 provisions governing contingency fee arrangements.

The Internal Revenue Service is now giving tax professionals a priority phone number they can call when their clients are undergoing a Campus Correspondence Examination audit.

Florida accounting and consulting firms Kaufman, Rossin & Co. and Friedman, Cohen, Taubman and Co. have combined, expanding Kaufman Rossin’s reach across the Sunshine State.

Just a few days ahead of the tax-filing deadline, President Barack Obama and Vice President Joe Biden released their 2011 tax returns on Friday.

An Arizona accountant has pleaded guilty to charges of preparing a false tax return.