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The owner of a New Jersey tax prep business was sentenced to six months in prison followed by six months of home confinement for willfully preparing false tax returns for clients.

The American Institute of CPAs sent top tax lawmakers on Capitol Hill a package of 34 legislative proposals Tuesday that the AICPA believes promote simplicity and fairness in the tax code.

Companies often turn to their accountants when they need to cut expenses, and a good place to start is with the travel budget.

Brands and corporate logos, from Coca-Cola and IBM to sports franchises, must periodically go through brand refreshes and upgrades to stay relevant.

Taxpayers are willing to go through more steps when preparing their tax returns, such as confirming their identifications and proving additional documentation, if it can help combat tax fraud and identity theft, according to a new survey.

The Internal Revenue Service and the Free File Alliance have reached a new five-year agreement to continue providing free tax preparation software for 70 percent of tax filers.

The CPA Consultants’ Alliance has approved a slate of new officers following CPACA’s annual meeting in Tampa, Fla., and issued a new report on the most pressing issues for 2015 for CPA consultants.

Internal audit is extending its traditional role as an assurance provider into playing a more proactive role as trusted advisor, according to a new report by PricewaterhouseCoopers.

A Kalamazoo, Mich., tax preparer who billed herself as the “#1 Tax Lady” has been indicted on multiple counts of tax fraud.

AICPA vice president of taxation Edward Karl stated, “Taxpayers will be in one of three situations – they will have had health insurance that met the requirements for minimum essential coverage under the Affordable Care Act, will have qualified for an exemption or will owe the penalty for not having qualified health insurance. In order to meet the information reporting requirements, taxpayers will have to gather new records and become familiar with new forms, instructions and terms.”