Tax

Edward Mendlowitz, a partner at accounting firm WithumSmith+Brown, outlined a series of tax strategies that could help offset the staggering losses incurred from investments with Bernard Madoff’s scandal-scarred securities firm.

The Internal Revenue Service has issued proposed regulations that provide rules for assessing penalties against tax advisors who fail to file a true and complete tax return on a timely basis.

Rap singer Doug E. Fresh is facing tax liens from the federal and state government, along with foreclosure of three homes.

Financial Executives International has named Marie N. Hollein as the organization's new president and CEO.

Three of the remaining four defendants in the KPMG tax shelter case were convicted of tax evasion charges.

Tax executives in both the United States and other countries said they are spending more time than ever on risk management, according to a new survey.

The New York State Senate and Assembly have unanimously passed a groundbreaking bill that would amend the laws governing CPAs and provide greater public protections for their clients.

The Internal Revenue Service plans to make it easier for financially troubled homeowners to avoid federal tax liens that block them from selling their homes or refinancing their mortgages.

The Internal Revenue Service has issued new guidance on implementing the recently amended tax return preparer penalty, which punishes tax preparers for taking "unreasonable positions" on tax liabilities.

Local Maryland accounting firms DeLeon & Stang and Berger & Hillman plan to merge at the end of the year.