The request came in an AICPA letter to Treasury and the IRS seeking guidance on how employers should implement changes to the ...

The relief allows taxpayers to use alternative methods to make adequate identification of digital asset units that are sold, ...

The IRS provided guidance in Rev. Proc. 2026-17 on the withdrawal of elections to be excepted trades or businesses under Sec. 163(j)(7) for purposes of the business interest limitation and to make a ...

The AICPA Professional Ethics Executive Committee seeks comment on a revised definition to gather input on whether the ...

The IRS should expand the first-time abatement (FTA) program to cover more types of tax and information-return penalties and allow taxpayers to reverse an automatically applied FTA when they ...

The AICPA and the National Association of State Boards of Accountancy are among the group of entities reaffirming a smooth path for accounting professionals to practice across North American borders.

The IRS issued two sets of proposed regulations for Trump accounts, the new type of individual retirement accounts for eligible children under Sec. 530A of H.R. 1, P.L. 119‑21, known as the One Big ...

The report highlights the activities of the group charged with working with FASB to improve the process of setting accounting standards for private companies.

Schellman is the latest large firm to execute a flip within its private-equity-driven ownership model. The top 50 firm announced a strategic investment from Goldman Sachs Alternatives, a partnership ...

Whether you’re a first-year accounting student or a corporate controller with 20 years of experience, learning never stops. In the real world, early-career training is getting more demanding, ethical ...