Tax professionals can earn credits for qualifying courses about data security and identity theft topics. The Internal Revenue Service said recently it has expanded its recognition for educaton credits from only courses covering federal tax preparation, federal tax updates, ethics and representation.

Rod Drury, CEO of cloud software vendor Xero, plans to sell 3 million shares in the New Zealand-based company. The deal is pending at $31.50 per share (New Zealand) and worth about $65 million.

Lack of funds remain a critical issue for the Internal Revenue Service, according to the annual report of the Internal Revenue Service Advisory Council. The conclusions concentrates on the impact of the highly publicized budget cuts for the agency, which the council says amount to about $1 billion since fiscal 2010.