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The IRS will treat tax returns with a Sept. 15 due date affected by an e-filing software outage as timely filed if the taxpayer successfully e-filed the return and any elections by Sept. 17.

Final regulations recently issued by the IRS provide guidance on additional first-year (bonus) depreciation under Sec. 168(k).

Beginning in January 2021, the IRS will expand its voluntary Identity Protection PIN (IP PIN) program.

The IRS is reminding taxpayers who filed an extension that the Oct. 15 due date to file 2019 tax returns is quickly approaching.

To prevent confusion, the IRS recently notified lenders that they should not file Form 1099-C to report their PPP loan forgiveness.

The AICPA is reproposing a new interpretation that addresses independence requirements related to “staff augmentation” arrangements in which a firm loans staff to a client.

The IRS recently issued final regulations for taxpayers who claim the rehabilitation credit.

A recently issued FASB accounting standard requires not-for-profits to provide additional information on the contributions of nonfinancial assets they receive.

Americans adversely affected by COVID-19 have until Sept. 22 to take money out of their retirement accounts.

The IRS will replace the nonemployee compensation part of Form 1099-MISC with Form 1099-NEC starting in tax year 2020.