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IRS Commissioner Doug Shulman warned tax executives that they face substantial tax risks from uncertain tax positions, international enforcement efforts, and impermanent tax credits that expire every year or two.

Presidential candidate Rick Santorum released four years’ worth of his joint income tax returns with his wife Karen, showing the former senator had adjusted gross income of nearly $1 million in 2010.

Cloud-based document storage and sharing service provider SmartVault has released the SmartVault Plug-in for Microsoft Outlook, allowing business users and accounting professionals the ability to send, receive and manage documents securely inside of Outlook.

Lawmakers negotiating over the payroll tax cut extension said they have agreed on a deal to extend the 2 percentage point cut in Social Security and Medicare withholding taxes through the rest of the year, along with unemployment benefits and the “doc fix” to prevent Medicare reimbursements to physicians from being cut.

IMGCAP(1)]As our economy continues to struggle, one issue that seems to have escaped a solution is the unemployment of so many of our fellow citizens.

The Financial Accounting Foundation intends to conduct post-implementation reviews of several business and government accounting standards pertaining to business combinations, reportable operating segments, deposits, investments, and repurchase agreements, to see how well they have worked in practice.

The Internal Revenue Service has updated its rules for how its Office of Appeals is allowed to communicate with other parts of the IRS when a taxpayer or the taxpayer’s representative is not present.

The Internal Revenue Service offered advice Wednesday to unemployed taxpayers on how they and their tax preparers should report unemployment benefits on their tax returns.

U.S. lawmakers reached a tentative deal on Tuesday on legislation aimed at boosting the economy by extending a payroll tax cut for 160 million workers through this year and continuing long-term jobless benefits, congressional aides said.

CCH has introduced CCH Integrator, which combines the company’s tax research products with other tax compliance products for multinational corporations.

irs, retirement planning, treasury

Treasury Secretary Tim Geithner told a Senate panel that the Obama administration plans to introduce a series of proposals to reform the corporate tax laws.

After months of wrangling, congressional leaders appear to be close to a deal on extending the payroll tax cut, unemployment benefits, and the so-called “doc fix” for Medicare physician reimbursements through the end of the year.

Rep. Sander Levin, D-Mich., the ranking Democratic member on the tax-writing House Ways and Means Committee, introduced legislation Tuesday to tax the carried interest earned by hedge fund managers, private equity firm partners, venture capitalists and others at the same tax rates as ordinary income.

Frank, Rimerman Consulting, the technology consulting division of tax and accounting firm Frank, Rimerman + Co., has launched a new cloud computing practice through its partnership with NetSuite Inc.

The Financial Crimes Enforcement Network has further extended the filing deadline for filing foreign bank account reports for certain financial professionals who have only signature authority over the accounts.

The Internal Revenue Service has released a set of proposed regulations expanding the list of tax return preparers who may obtain and renew a Preparer Tax Identification Number.

United Nations Secretary-General Ban Ki-moon urged corporate leaders to back up their words about sustainable business practices with concrete actions at a KPMG-sponsored conference on sustainability.

Houston CPAs to Honor Past NASBA Chair

Payroll processing company Payroll City has developed an interface module to help users transfer all of their payroll data with QuickBooks