A 39-year-old Dallas, Texas, tax preparer, who was a fugitive for more than two years, had pled guilty to obstruction of justice. Shannon Tecoko Mays also faces a lengthy prison sentence because of his guilty plea to a February 2014 indictment that said he sought more than $6 million in refunds via bogus returns.

Jim McGinnis, a former Intuit executive, has joined the Tax and Accounting division of Wolters Kluwer. McGinnis takes on the job of EVP and GM of the medium and large segment for the business unit. He will report to the tax and accounting group's CEO Jason Marx.

Bloomberg BNA has released two accounting portfolios to help accounting professionals understand the new leasing standard. The portfolios provide-depth analysis and practical guidance to assist with the assessment and implementation phases of the new standard.