Featured News

Almost 16,000 entities will spend over 8.7 million hours seeking access to beneficial ownership information (BOI) in the first year, FinCEN estimated in a new notice.

The results of an annual survey found that organizations have made minimal gains in risk oversight over the past five years despite an increasingly threatening risk landscape.

The IRS and Treasury have issued final regulations updating the required minimum distribution (RMD) rules.

The IRS recently said it is enhancing the identity authentication process for financial institutions to register under the Foreign Account Tax Compliance Act (FATCA).

The AICPA recently submitted comments to the IRS and Treasury on proposed regulations regarding reporting transactions with foreign trusts.

The IRS has issued a consumer alert following bad advice shared on social media about a nonexistent “self-employment tax credit” that’s misleading taxpayers into filing false claims.

The FASB has officially issued the final chapter of its Conceptual Framework, which focuses on measuring items in financial statements.

The IRS has issued a new FAQ related to which entities must apply for registration for the clean fuel production credit.

A recent survey of financial chiefs found that 58% of CFOs are optimistic about the U.S. economy — the highest level of optimism since the third quarter of 2021.

The IRS is warning taxpayers not to fall victim to a new emerging scam involving buying clean energy tax credits.