Tax fraud involving prisoners remains a major problem

More than 24,000 fraudulent tax returns were filed in 2015 using a prisoner’s Social Security Number, claiming refunds totaling over $1.3 billion, according to a new report.


As Sarbanes-Oxley nears 15-year anniversary, ethics fall short

The Sarbanes-Oxley Act was signed into law on July 30, 2002 and has led to vast changes in the accounting profession, although not necessarily in corporate ethics.


Tax Court tells Dolphins owner to sleep with the fishes

The Tax Court has denied a claimed charitable deduction of $33,019,000 by RERI Holdings, whose principal investor is Miami Dolphins owner Stephen Ross.


IRS to pilot test web videoconferences for tax appeals

The Internal Revenue Service’s Office of Appeals plans to test a web-based videoconferencing option for taxpayers and their representatives to hold virtual face-to-meetings with IRS appeals officers without going to the IRS’s offices.


Art of Accounting: First-time partner, part 2

You may or may not feel different the first day you wake up as a partner, but you will be different.


What’s your firm worth?

When it comes to practice sales, there are five factors to consider, according to Joel Sinkin, president of Transition Advisors.


Receipt Bank receives $50M in funding, promises further AI investment

CEO says investment comes at a “pivotal point” for bookkeeping services.


IMA names new chair, Alex Eng

The Institute of Management Accountants has appointed Alex C. Eng, vice president of U.S. corporate finance at EDF Renewable Energy in San Diego, as the new chair of its global board of directors for fiscal year 2017-2018.


Following software revamp, FreshBooks closes $43M in Series B funding

Company used a secret strategy to create a brand new platform.


SOC reports evolve to reach a wider audience

An expanded roster of reports offers more options and more value.