Michael Cohn

Better management of correspondence audits by the Internal Revenue Service could improve tax compliance and reduce the burden on taxpayers, according to a new government report.

The New York State Department of Taxation and Finance said it has helped 42,415 taxpayers who called its Taxpayer Information Center with language assistance in 79 different languages.

The Public Company Accounting Oversight Board announced a settled disciplinary order Monday against Randall A. Stone, CPA, of Austin, Texas, a former PricewaterhouseCoopers LLP partner, for violating PCAOB rules and standards in PwC's 2007 audit of the medical device company ArthroCare Corporation.

The Internal Revenue Service plans to put in place new procedures starting next January to limit the number of refunds electronically deposited into a single financial account or pre-paid debit card to three, as part of an effort to combat fraud and identity theft, including fraud committed by unscrupulous tax preparers.

U.S. small business employment grew for the fourth consecutive month in June, adding 20,000 jobs, according to Intuit.

The Internal Revenue Service’s Taxpayer Advocate Service could improve its processing of so-called “systemic burden” cases that involve instances in which an IRS process, system or procedure has not operated as intended, according to a new report.

The International Federation of Accountants and the Chartered Institute of Public Finance and Accountancy have developed a new International Framework for Good Governance in the Public Sector to encourage more effective public sector governance.

WebFilings, a cloud-based provider of business reporting software, has been renamed as Workiva.

Optimism for the nation’s economic outlook among U.S. business leaders continued to rise from first quarter 2014, according to a new survey by Grant Thornton.

The Internal Revenue Service is suffering from several new deficiencies in its internal controls, although it has managed to address a number of older problems, according to a new report from the Government Accountability Office.

Private sector employment increased by 281,000 jobs in June, showing signs of a strengthening economy, according to payroll giant ADP’s monthly national employment report.

CFOs are expressing more optimism as they enter the second half of the year, according to a new survey.

The Internal Revenue Service said Tuesday it has updated its FATCA Foreign Financial Institution List to coincide with the rollout of the Foreign Account Tax Compliance Act.

Payroll service provider Paychex is seeing signs of improvement in employment at small businesses in the first six months of 2014, although it has also found a slight drop-off in the past two months.

The Treasury Department and the Internal Revenue Service have issued final rules on longevity annuities, which can help retirees manage their savings to ensure they have a stream of regular income as they get older, making longevity annuities accessible to the 401(k) and IRA markets.

The Internal Revenue Service has introduced a new 1023-EZ form that shortens the application that charities need to submit if they want to be granted tax-exempt status under Section 501(c)3 of the Tax Code.

The American Institute of CPAs’ Auditing Standards Board has issued two new auditing interpretations in response to the Governmental Accounting Standards Board’s new pension reporting standards.

The Internal Revenue Service said that unused Individual Taxpayer Identification Numbers, or ITINs, will expire if they are not used on a federal income tax return for five consecutive years.

The Internal Revenue Service has released a new revenue procedure describing the details of its new voluntary tax preparer continuing education program, known as the Annual Filing Season Program.

Foreign financial institutions will face tax withholding penalties on Tuesday, July 1 if they have not begun to make efforts to comply with the Foreign Account Tax Compliance Act, or FATCA.