Jersey Shore’s Mike ‘The Situation’ Sorrentino pleads guilty to tax evasion

Mike “The Situation” Sorrentino, a member of the cast of MTV’s reality series “Jersey Shore,” and his brother Marc Sorrentino, have pleaded guilty to federal tax charges.


IRS releases more guidance on transition tax for foreign earnings

The Treasury Department and the Internal Revenue Service have released a new notice giving multinational companies some extra guidance to help them calculate the “transition tax” on untaxed foreign earnings of foreign subsidiaries of U.S. companies under the Tax Cuts and Jobs Act.


IRS makes contingency plans ahead of the government shutdown

The Treasury Department has updated the contingency plans for the Internal Revenue Service in advance of the federal government shutdown this weekend.


IRS revises streamlined application form for tax-exempt groups

The Internal Revenue Service has revised the streamlined application form for groups that are applying for tax-exempt status.


5 things every U.S. expat needs to know about the new tax law

The Tax Cuts and Jobs Act has been marketed as a much-needed simplification for American taxes, and American expatriates comprise a tax-paying demographic most in need of simplification of the tax requirements.


IRS provides relief on medical device tax

A new notice will allow manufacturers, producers and importers to avoid the failure to deposit penalties, provided they meet certain requirements.


Florida firm Rinehimerbaker is Sage Intacct’s partner of the quarter

The value-added reseller offers outsourced accounting services, tax services and financial counseling, cloud technology as well as Sage Intacct software.


Firms giving back: Sax honors nonprofits

A collection of firms’ recent philanthropic efforts.


IIA updates certification exam for internal auditors

The Institute of Internal Auditors is updating its Certified Internal Auditor exam with more content on subjects such as cybersecurity and information technology.


FASB proposes income tax accounting fixes for new tax law

The Financial Accounting Standards Board released a proposed accounting standards update Thursday to help organizations reclassify some of the stranded income tax effects in accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act that President Trump signed into law last month.