Featured News
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Report: Firms are choosing transformation over tactics
A new report finds that accounting firms worldwide are moving beyond tactical responses to embrace strategic transformation.
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IRS eases burden on cross-border remittance transfer tax rules
The IRS and Treasury issued guidance on Tuesday, Oct. 7, that provides deposit penalty relief for the first three quarters of 2026 to remittance transfer providers.
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AICPA launches new webpage to help navigate government shutdown
To help tax practitioners navigate the ongoing government shutdown, the AICPA launched a new webpage to provide timely updates and resources related to the filing season.
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Poll: 75% of Americans want financial education in schools
More than three-fourths (75%) of Americans in a new poll said they think mathematics and economics/personal finance should be part of the core curriculum in education.
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PCAOB publishes guidance related to audit evidence amendments
The PCAOB released new guidance featuring illustrative examples to help audit firms implement AS 1105, Audit Evidence.
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AICPA calls for fully staffed IRS regardless of shutdown length
The AICPA is urging the IRS to keep all employees on the job even during a government shutdown that extends beyond the five working days covered in the agency’s contingency plan.
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IRS Appeals Office rolls out post-appeals mediation pilot program
The IRS Independent Office of Appeals recently announced its launch of a two-year pilot program to increase awareness of post-appeals mediation.
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IRS withdraws proposed guidance on corporate spinoff transactions
The IRS has withdrawn its proposed regulations affecting corporate spinoff transactions in response to comments that criticized the proposed guidance.
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FASB refines derivative accounting guidance
FASB recently issued an Accounting Standards Update that aims to address stakeholder concerns about the application of derivative accounting.
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IRS trims PTIN fee as renewal season approaches
The IRS on Monday, Sept. 29, issued interim final regulations and proposed regulations that reduce the fee to apply for or renew a PTIN to $10 from $11.