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Americans are continuing to lean on credit cards and loans, as consumer credit surged by $38.1 billion in April to a record of $4.57 trillion, according to the Federal Reserve.

Continuing its “Dirty Dozen” scams list, the IRS cautions taxpayers with pending tax bills to avoid offer in compromise (OIC) “mills” that falsely claim to resolve unpaid taxes for cheap.

The SEC adopted amendments on June 3 that require the electronic filing and submitting of certain forms.

The AICPA Professional Ethics Executive Committee (PEEC) has released two new proposals to update the AICPA Code of Professional Conduct.

Business-owning clients who are using (or thinking about using) cryptocurrency will need a tax professional’s expertise to deal with crypto tax compliance and strategy.

The IRS extended its deadline to June 17 for accepting applications for the Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grant programs.

Abuse of charitable remainder annuity trusts (CRATs) and Maltese individual retirement arrangements (IRAs) are among the IRS’ annual “Dirty Dozen” list of tax scams for 2022.

The FASB will explore new rules regarding the accounting for environmental, social and governance (ESG)-linked features and regulatory credits.

The IRS recently issued its Data Book detailing the agency’s activities in fiscal year 2020 and reporting more than $4.1 trillion collected in federal taxes.

The SEC has proposed amendments to rules and forms to promote consistent, comparable and reliable information concerning environmental, social and governance (ESG) factors.