The Latest

The Internal Revenue Service introduced Form 1023-EZ in July to streamline application for recognition of tax exemptions under Section 501(c)(3) of the Tax Code. However, the agency’s decision to streamline exempt processes has sparked criticism from large charity groups, although some have applauded the agency for introducing this program.

The IRS is warning international financial institutions complying with the Foreign Account Tax Compliance Act of an ongoing fraud.

The Sustainability Accounting Standards Board has released a set of provisional standards for companies in the transportation sector.

The American Institute of CPAs has submitted comments to the Internal Revenue Service and the Treasury Department relating to the issue of material participation by a trust or estate in a trade or business for purposes of section 469 of the Tax Code.

Two research studies released Wednesday demonstrate the significant changes to behavior triggered by integrated reporting.

The Internal Revenue Service does not have the information it needs to ensure that employers are eligible for and comply with the Voluntary Classification Settlement Program, according to a new government report.

Elizabeth Moehlenbrock (MBA Class of '15) and Liyuan Su (MSF Class of '15) of the George Washington University School of Business (GWSB) recently took home top honors at the Initiative on Rethinking Financial Disclosure - a partnership of the GWSB's Institute for Corporate Responsibility (ICR) and the Center for Audit Quality (CAQ).

Jersey Shore’s Michael “The Situation” Sorrentino and his brother Marc are due in court to face an indictment alleging they failed to pay taxes on $8.9 million in income that Michael received from promotional activities, according to U.S. Attorney Paul J. Fishman.

Avalara has appointed former Microsoft executive Tami Reller to its board of directors.

Deloitte said Wednesday it posted record revenues of $34.2 billion globally for the fiscal year ending May 31, as demand for services at its member firms produced their fifth consecutive year of growth.