The Latest

The Internal Revenue Service and the Justice Department have decided to dismiss a case against a North Carolina small business owner from whom they had seized $107,000 in a controversial practice known as civil asset forfeiture.

The Securities and Exchange Commission has appointed Wesley R. Bricker as deputy chief accountant overseeing the accounting group in the agency’s Office of the Chief Accountant, replacing Dan Murdock, who is leaving the SEC for a job in the private sector.

The “job creators” are fighting back on tax policy—against their Republican allies.

The AICPA released a Six-Point Plan to Improve Audits on Thursday that provides a roadmap for the profession’s continued journey to improving audit performance in an increasingly changing business world. The plan concentrates on financial statement audits for private companies, employee benefit plans and governmental entities in the United States.

With Millennials surpassing Baby Boomers as the largest living generation this year, more and more businesses are concerned with how to connect with Millennials and retain them as customers.

The Internal Revenue Service estimates that 27 percent or $17.7 billion in Earned Income Tax Credit payments were issued improperly in fiscal year 2014, according to a new government report.

Nearly half of all states impose taxes on memberships in gyms, health clubs, athletic clubs and fitness clubs, while the rest either exempt memberships or don’t have state sales taxes at all, according to new research.

In a case that could have repercussions for the taxation of professional athletes, the Supreme Court of Ohio handed down a ruling that provoked a response citing the New England Patriots’ “Deflategate” scandal.

Career and leadership development portal TaxTalent released its 4th annual Tax Hiring Outlook on Monday, based on a survey of U.S. corporate heads of tax. The Hiring Outlook included 356 total respondents ranging from middle market to Fortune 10 companies. This year, 69% of those surveyed stated they would be hiring in the coming year, representing a 28% increase from the 2014 hiring data.

The International Federation of Accountants has released guidance to help professional accountancy organizations with their advocacy and public policy efforts, along with a proposed compliance strategy for IFAC member bodies around the world.