Income Tax
Swiss Banks to Turn Over Info on U.S. Accounts
The Tax Division of the U.S. Department of Justice has announced an agreement with Switzerland that would permit all but a few Swiss banks to avoid criminal prosecution by paying substantial fines and turning over information on accounts held by American clients.
IRS gives tax relief to businesses and individuals affected by Colorado flooding
The Internal Revenue Service is providing tax relief to individual and business taxpayers impacted by severe storms, flooding, landslides and mudslides in Colorado.
Despite Threat of Fraud, Most SMB Owners Fail on Security
National Survey Shows Small Businesses Show Less Concern Until They Become Victims Themselves
Poll Finds that Financial Fraud is Widespread in U.S.
Financial fraud is widespread in America, with more than four of five people in a new poll saying they've been targeted by scammers in one form or another.
What Would You Ask a Former IRS Auditor?
Do all IRS agents think that all taxpayers selected for audit are cheating on their taxes?
New Cloud Solution Helps Detect and Deter Bribery and Corruption
In response to customer demand and increased regulatory scrutiny and enforcement, ACL has launched a new Anti-Bribery and Anti-Corruption Solution.
Income Tax Planning Takes More than a Magic 8-Ball
On the conference room shelf of a CPA’s office I visited recently, I noticed a Magic 8-Ball with the label “free tax answers.” When turned, the die floating in colored liquid inside the ball presses against the window to reveal an affirmative, negative, or non-committal answer such as “cannot predict now.”
AICPA to Congress: Provide IRS with Sufficient Funds to Perform Its Duties
The American Institute of CPAs is urging Congress to provide the Internal Revenue Service with “sufficient” funds to perform its duties.