Featured News

To catch up on its backlog of unprocessed returns, the IRS is suspending more than a dozen automated letters it sends to taxpayers.

The employee retention credit (ERC) expired for most companies on Sept. 30, 2021, but some eligible businesses can still claim it retroactively.

The AICPA Peer Review Board clarified its standards on Feb. 2 for performing and reporting on peer reviews.

As the IRS continues to grapple with service issues, a nationwide coalition will discuss where things stand at a virtual town hall on Tuesday, Feb. 8.

Accounting firms play an important role in growing the profession by supporting a new generation of CPAs.

The IRS is reversing course on its plans for using facial recognition technology to authenticate taxpayer identities, the agency announced Monday, Feb. 7.

The Office of Management and Budget (OMB) issued new guidance for procedures that single audit practitioners need to follow in their engagements related to seven government programs.

The IRS updated its FAQs to answer common questions about the reconciliation of advance child tax credit payments on 2021 tax returns.

New resources from the AICPA clarify new IRS guidance regarding disclosure requirements for Schedules K-2 and K-3.

The IRS is returning more than a thousand employees who once processed tax returns and other paperwork back to their old jobs to help process its massive backlog during busy season.