For the second time in a week, a federal circuit court of appeals has handed the IRS a defeat on the issue of whether an overstatement of basis amounts to an omission from gross income for purposes of ...

Inventory is an asset held by a business for sale, and it adds to the total capital of a business. The control of your inventory is an important aspect of managing the finances of a business.

The IRS on Wednesday released final regulations defining an omission from gross income for purposes of the six-year minimum period for assessment of tax attributable to partnership items and the ...

Tesco is set to face what could be a multibillion pound shareholder claim in the UK over the £263m profit overstatement that plunged Britain’s biggest retailer into crisis. A US law firm has set up a ...