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Under a provision in the American Rescue Plan Act, third-party payment providers like Venmo and PayPal must report transactions totaling $600 or more to the IRS starting Jan. 1, 2022.

The IRS projects losing 52,000 employees in the next six years and is seeking new personnel, the commissioner stressed this week at a tax conference in Washington, D.C.

The IRS recently updated its FAQs on 2020 unemployment compensation exclusion.

Almost no state has seen a greater drop in its tax burden than Wisconsin over the past 20 years, according to a new report from the Wisconsin Policy Forum.

As the end of the year approaches, clients may not focus much on financial matters, but CPAs can help keep them on track to meet important deadlines.

Responding to the Biden administration’s recent vaccine mandate for large employers, a federal appeals court has blocked the president’s executive order it considered too overreaching.

The IRS recently published its 2021 financial report, offering the public a comprehensive view of the agency’s financial activities and accomplishments.

Private companies and not-for-profits will not see further relief from the effective date of FASB’s new lease accounting standard, the board recently ruled.

Effective performance management can make the most of employee talents and tie individuals’ work more directly to strategic goals, according to new research.

The IRS earlier this week updated its FAQs addressing the child tax credit (CTC) and advance payments.