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 ...

On Thursday, the Tax Court held that temporary regulations issued by the IRS last year that defined an overstatement of partnership basis as an omission from gross income are invalid (Intermountain ...

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.

U.S. and British securities regulators are teaming up to sanction Royal Dutch Shell for massively overstating its proven reserves. The U.S. Securities and Exchange Commission and Britain’s Financial ...

LONDON (Reuters) - Two former senior executives of Tesco abused their positions to encourage practices that resulted in a 250 million pounds overstatement of expected profits and misled the stock ...