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The IRS has withdrawn its proposed regulations affecting corporate spinoff transactions in response to comments that criticized the proposed guidance.

FASB recently issued an Accounting Standards Update that aims to address stakeholder concerns about the application of derivative accounting.

The IRS on Monday, Sept. 29, issued interim final regulations and proposed regulations that reduce the fee to apply for or renew a PTIN to $10 from $11.

U.S. personal spending rose at a solid clip in August for a third month, suggesting consumers continued to power the economy despite elevated inflation.

The IRS released its 2026 Lapsed Appropriations Contingency Plan in the event of a government shutdown.

NASBA has redesigned its CPAMobility.org website to provide CPAs with a continuously updated database offering detailed guidance on practice mobility.

In its list of high-cost and low-cost localities, the IRS kept per diem rates for travel, meals and incidental expenses unchanged for the new annual period starting Wednesday, Oct. 1.

FASB recently issued an Accounting Standards Update (ASU) that amends its guidance on accounting for internal-use software costs.

In a letter to the IRS, the AICPA recommended the modernization of several tax forms used by estates and trusts.

The IRS and Treasury will phase out paper tax refund checks for individuals beginning Tuesday, Sept. 30.