The Latest

The Internal Revenue Service did not establish processes to verify eligibility for the Work Opportunity Tax Credit, according to a new government report.

President Barack Obama’s health-care overhaul suffered a potentially crippling blow as a U.S. appeals court ruled the government can’t give financial assistance to anyone buying coverage on the insurance marketplace run by federal authorities.

A Renaissance Technologies LLC hedge fund’s investors probably avoided more than $6 billion in U.S. income taxes over 14 years through transactions with Barclays Plc and Deutsche Bank AG, a Senate committee said.

The Internal Revenue Service has released final regulations to amend the definition of research and experimental expenditures, providing guidance for taxpayers engaged in research activities on the treatment of amounts paid or incurred in connection with the development of tangible property, including pilot models.

A tax preparer and bookkeeper in Southern California was sentenced to 36 months in prison for using the stolen identities of her relatives and former clients to file fraudulent tax returns with the Internal Revenue Service.

Sarah Robinson and Scott Kind have been promoted from audit managers to partners at Teal, Becker & Chiaramonte CPAs PC.

The Institute of Internal Auditors wants more public sector entities to establish independent audit committees.

If you consider all the times you can ask for a referral from a client, the best time is shortly after you deliver a great result.

The Organization for Economic Cooperation and Development has released the full version of the OECD’s new standard for the automatic exchange of tax information across different countries.

Employers say the Affordable Care Act is driving the costs of their medical plans higher, according to a new survey by accounting firm Cherry Bekaert’s benefits consulting unit.