Recession Busters—An expert provides tips CPAs can offer their clients during the economic downturn.

Changing Hands—The PCAOB recently adopted rules that govern when a firm would be allowed to succeed to the registration status of a predecessor firm following a merger or other change in the  registered firm’s legal form.

The IRS has a comprehensive Economic Stimulus Payments Information Center providing information on eligibility, instructions on how to receive the payments and more.

Is the state and local income tax deduction an "efficient use of federal resources"? The Congressional Budget Office released a report this month that takes a long hard look at that question.

Tax-Free Mortgage Workouts—Homeowners whose mortgage debt was partly or entirely forgiven during 2007 may be able to claim special tax relief. Learn more>>

Changes for Auditors—The PCAOB’s new Auditing Standard No. 6, Evaluating Consistency of Financial Statements, updates the auditor’s responsibilities to evaluate and report on the consistency of a company’s financial statements and align the auditor’s responsibilities with SFAS No. 154.