The Latest

The Governmental Accounting Standards Board issued a guidance Thursday to provide clarity about how certain component units incorporated as not-for-profit corporations should be presented in the financial statements of the primary state or local government.

An Internal Revenue Service employee who worked for the Taxpayer Advocate Service, where her job was to help taxpayers resolve their identity theft problems, pleaded guilty to stealing identities and orchestrating a tax-fraud scheme involving up to $1.5 million in fraudulent income tax returns.

The Executives' Club of Chicago (EC) recently announced a new relationship with Deloitte with the formation of the Diversity Leadership Council, which works to expand diversity and inclusion awareness, best practices and thought leadership for Chicago's business community.

Maryland's comptroller has suspended processing electronic and paper tax returns from 11 private preparers at 14 locations.

A New York City CPA is launching a startup company this tax season that he hopes will become an “Uber for taxes.”

Many major tax changes go into effect this year for individual taxpayers.

An internal whistleblower could collect up to $24 million of the $80 million penalty imposed by the Securities and Exchange Commission against agribusiness giant Monsanto.

An influential senator is asking the Internal Revenue Service to put a system in place to track the specific sources of unpaid corporate taxes.

The Treasury Department’s inspector general is pressing the Internal Revenue Service in a new report to improve its procedures for direct debt installment agreements to avoid taxpayer defaults.

For several years, researchers have been sending people into tax preparation offices to test the quality of the work. The results have been scary.