The Latest

The Internal Revenue Service plans to make changes in its determination letter program for retirement plans in an effort to save money.

Tax assessments from the Internal Revenue Service’s Automated Underreporter Program have increased 85 percent in recent years, although the accuracy-related penalties were not always applied, according to a new report.

New York-based accounting firm Citrin Cooperman has introduced a new tagline, “Focus on What Counts,” as part of a rebranding initiative that also includes a new video with comments from the firm’s management.

Four out of five family-owned businesses in the United States are not ready for succession, according to a new study by the accounting firm Baker Tilly.

Toshiba Corp. President Hisao Tanaka and his two predecessors quit after investigators found that the Japanese conglomerate inflated earnings by at least $1.2 billion since the global financial crisis.

BDO USA saw a whopping 26 percent spike in annual revenue for the fiscal year ended June 30, 2015, growing to $1.05 billion from $833 million last year.

Approximately 710,000 taxpayers who received the Advanced Premium Tax Credit for buying health insurance last year have not filed their tax returns or filed for an extension.

Board members at nonprofit organizations are too far removed from some of their key governance responsibilities, according to a new survey by the accounting firm Marks Paneth.

The Public Company Accounting Oversight Board (PCAOB) today announced the recipients of $10,000 merit scholarships intended to encourage students to pursue a career in audit. This is the PCAOB's fifth year granting scholarships through the PCAOB Scholarship Program.

House Democrats introduced two bills to shore up the Highway Trust Fund with money from corporate taxes.