The Latest

If your business has formed a captive insurance company that has elected small insurance status under section 831(b) of the Internal Revenue Code, you may be hearing from the IRS.

The Internal Revenue Service is reminding businesses in U.S. territories that they need to file Form 8300 if they engage in cash transactions of $10,000 or more.

A Florida CPA has been arrested and charged with using her tax preparation business to facilitate an income tax refund fraud scheme.

Sen. John Cornyn, R-Texas, and Rep. Sam Johnson, R-Texas, have re-introduced a bill aimed at preventing fraud in the provision of Individual Taxpayer Identification Numbers to undocumented immigrants.

Leading up to its centennial celebration in 2019, the Institute of International Education launched Generation Study Abroad back in 2014 to double the number of students who study abroad each year. On Wednesday, the IIE announced the first round of Generation Study Abroad Scholarships to be awarded to 160 students at 26 commitment partner colleges and universities.

Highlights of some of our favorite tax-related blogs from the past week.

Gale Crosley offers a powerful tool for accountants to explore new markets

Government contractors working on the Internal Revenue Service’s main communications portal for taxpayers and tax professionals might have overbilled the agency hundreds of thousands of dollars, according to a new report.

Members of NCCPAP, the National Conference of CPA Practitioners, made their views known to congressional staff and IRS officials during meetings in Washington D.C. last week.

Ashford University in San Diego, Calif. has launched its new online master's degree in Accountancy, the University announced on Thursday. The Master of Accountancy degree program focuses on preparing students for professional careers in accounting. It was designed to develop technical knowledge while enhancing analytical, communication, and decision-making skills.