Featured Accounting News

A national research study is exploring how responsibilities and events outside work affect careers in accounting, finance and other related professions.

The IRS recently announced a temporary suspension of federal tax penalties on dyed diesel fuel sold for use or used on highways nationwide.

Artificial intelligence is now the defining ethical issue for the accounting profession, according to a recent survey of accounting and finance professionals.

The IRS has finalized regulations allowing taxpayers to pay their taxes by credit or debit card directly to the agency, rather than through third-party payment processors.

The AICPA recently issued a practice aid that provides a framework to help auditors understand how artificial intelligence affects financial statement audits.

National Taxpayer Advocate Erin Collins urged the IRS to halt denials of claims tied to ongoing Kwong litigation, arguing that taxpayers could lose rights or pursue unnecessary litigation.

The IRS has issued tax relief for individuals and businesses in Wisconsin affected by severe storms and tornadoes that began on July 27, 2026.

Social Security benefits will rise by 3.6% in 2027, the biggest boost in four years, the Social Security Administration announced this week.

The AICPA has asked the IRS to clarify that Form 8050, Direct Deposit of Tax Exempt or Government Entity Tax Refund, will not be included in exempt organizations' publicly available tax return filings.

A recent survey of senior financial leaders found that most (81%) said their company had experienced an attempted fraud that involved, or appeared to involve, artificial intelligence.

The AICPA has partnered with two organizations to propose a new framework to guide valuation engagements.

In a September poll of tax professionals, 90% said client misunderstandings about tax extensions are very or somewhat common.

A recent TIGTA report has raised concerns that the IRS has not fully used Foreign Account Tax Compliance Act data to pursue taxpayers who may not have filed Form 8938, which is required for certain foreign financial assets.

Treasury and the IRS issued proposed regulations last week to implement the education freedom tax credit, a new federal tax credit under Sec. 25F for contributions to organizations that provide scholarships to eligible elementary and secondary schools.

A first-of-its-kind report by the U.S. Government Accountability Office estimates annual federal tax fraud losses between $116 billion and $304 billion.

In a recent survey of CFOs, nearly half (48%) said they’d follow an AI recommendation even if it went against their judgment.

Treasury and the IRS issued proposed and temporary regulations that will automatically enroll eligible children in Trump Accounts.

Taxpayers who sell or exchange qualified farmland to active farmers can elect, under proposed regulations released by the Treasury and the IRS, to pay the tax on the gain in four annual installments.

After 15 years as IRS2Go, the IRS’s taxpayer app now offers expanded access to account services under a new name.

Grant Thornton’s third-quarter 2026 CFO Survey found record optimism about corporate profits despite continued uncertainty surrounding the U.S. economy, tax policy and trade.