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The IRS said it is opening a supplemental claim process to help third-party payers and their clients resolve incorrect claims for the employee retention credit (ERC).

The IRS revised its FAQ regarding the premium tax credit, which assists low- and moderate-income families with health insurance premiums.

A proposed accounting standards update (ASU) seeks to clarify guidance on hedge accounting and address issues arising from the global reference rate reform initiative.

The IRS will increase the special per diem rates that a taxpayer uses for travel and business expenses starting Tuesday, Oct. 1.

The IRS is reaching out to tax professionals with a voluntary survey aimed at improving services for both practitioners and taxpayers.

A new survey finds that most CEOs (83%) predict that companies will shift to require a “full” return of employees to in-office work in the next three years.

The PCAOB has released recommendations to enhance auditor independence, a critical aspect of ensuring quality control within firms.

The IRS released final regulations on consistent-basis reporting for property acquired from a decedent.

A taxpayer can’t deduct start-up expenses if he or she abandons the business before it ever gets off the ground, the Tax Court ruled in a recent case.

The IRS has issued proposed regulations addressing the application of the Sec. 55 corporate alternative minimum tax (AMT).