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The Internal Revenue Service said Friday that approximately 4,000 plan sponsors received erroneous penalty notices.

As tax reform efforts resume in Washington this month, a new survey finds that over 70 percent of business tax professionals believe a detailed tax reform plan will begin to be worked on by the House Ways and Means Committee this year, and nearly 50 percent of the respondents think a tax reform plan will be put forward in the Senate.

A former Internal Revenue Service manager has been sentenced to a year in prison after she was convicted of accessing IRS computers on behalf of a tax business that she operated on the side.

IMGCAP(1)]Reseller partners are buying while cloud accounting is flying with a veteran tax and accounting executive trying to take a long-standing player in that space to the next level. All of these topped the news in our world this week and I’d like to share my views on them with you.

Visitors to the Crystal Bridges Museum of American Art in Bentonville, Arkansas, leave appreciative notes on a glass wall near the entrance.

Federal Express was able to work out a settlement with the Internal Revenue Service late last month in a long-running case involving tax credits for research and development, and the case could have broad implications for other companies claiming R&D tax credits for internally developed software.

Financial Accounting Standards Board chairman Russell Golden marked FASB’s 40th anniversary in his first major speech since taking over the chairmanship in July, outlining the changes he plans for the standard-setting board.

How comfortable should you be when you’re asked by a client for a “comfort letter”?

The American Institute of CPAs announced that this year it will award one-year scholarships totaling more than $370,000 to 117 undergraduate and graduate students through the AICPA’s Legacy Scholars program.