Latest Articles

April 4, 2014 

The IRS Isn't maintaining its computer infrastructure adequately, according to a new report by the Treasury Inspector General for Tax Administration (TIGTA), a part of the Department of the Treasury that is tasked with overseeing the nation's tax agency.

Isaac M. O'Bannon

April 4, 2014 

The Internal Revenue Service has automatically extended the tax return filing and payment deadlines for victims of last month’s mudslides and flooding in Washington state. As a result, those taxpayers will have until Oct. 15 to file their returns and pay any taxes due, with no penalties or interest applied.

Isaac M. O'Bannon

April 4, 2014 

The Illinois CPA Society recently awarded several individuals with its Excel Awards, which honor outstanding achievement on the 2013 CPA Exam. The Excel Award, established in 1984 by the Society's Board of Directors, is presented to new CPAs for outstanding performance on the Uniform CPA Examination.

Isaac M. O'Bannon

April 3, 2014 

The bill had some unintended consequences, as it struck language from the State Code that kept higher paid workers, as well as some municipal and county employees, from earning overtime.

April 3, 2014 

Following an unusually severe winter that stagnated much economic activity, small and mid-sized business owners in the U.S. are now forecasting sunnier days ahead, at least for the next six months.

Isaac M. O'Bannon

April 3, 2014 

Tennessee Governor Bill Haslam on Monday canceled proposed pay raises for state employees and teachers for the coming year as part of an administration plan for dealing with a revenue shortfall largely due to shrinking business tax collections.

April 2, 2014 

For those who love accounting and also have a bit of sleuth inside, a new mentorship program offered by the American Institute of CPAs might be a perfect fit. The Certified in Financial Forensics Mentor Program is designed for AICPA members interested in developing their skills and business practices in forensic accounting through the help…

Isaac M. O'Bannon

April 2, 2014 

Join the World Affairs Council for an afternoon discussion on the economy with the Honorable Jacob J. Lew, Secretary of the Treasury of the United States. For more information about this event please visit: http://www.worldaffairs.org/event-calendar/event/1249

April 2, 2014 

The Treasury Department and the Internal Revenue Service (IRS) have announced that jurisdictions that have reached agreements in substance with the United States on the terms of intergovernmental agreements (IGAs) under the Foreign Account Tax Compliance Act (FATCA) can be treated as having agreements in effect until the end of 2014.

April 2, 2014 

Economists said in the quarterly forecast that arid conditions in 2013, the driest year on record for the Golden State, could diminish the fishing and manufacturing sectors in the state. However, the effect depends on whether the drought is "normal" or the beginning of "a long arid period."

April 2, 2014 

The Legislature's budget officer predicted Tuesday that New Jersey's revenue would fall $526 million short of Gov. Christie's estimates through July 2015 -- continuing a trend of revenue failing to hit administration targets.

April 2, 2014 

California remains home to the greatest number of women-owned businesses in the nation and is the only state to surpass the 1 million threshold, according to the latest American Express analysis of U.S. Census Bureau data.