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Effective Aug. 15, IRS will have new procedures for contacting third parties and notifying taxpayers. They will replace the existing IRM procedures until those are updated.

NASBA and the AICPA have together developed five guiding principles to inform a new CPA licensure model, and they want your feedback.

A federal judge rejected the IRS decision to stop requiring nonprofit organizations to identify donors who contribute more than $5,000.

According to the Institute for Supply Management’s U.S. Manufacturing PMI data, the manufacturing industry growth rate was the weakest it’s been in three years.

Companies are concerned about their digitalization strategies and talent pipelines and see the fast-changing business world as a major threat, according to research firm Gartner.

After revamping Form 1040 into a postcard-sized form last year, the IRS and U.S. Treasury Department went back to the drawing board and are now pitching a new, longer version.

Entering large amounts of data can be tedious. Minds wander, and errors creep in. It happens to even the quickest and most proficient of operators. But there are a few tricks that can help.

Artificial intelligence is already present in accounting, and it will grow significantly as the industry continues to automate and reduce reliance on manual data entry.

IRS and Treasury are considering guidance for applying the state and local tax (SALT) deduction cap to pass-throughs, but some think it could invalidate the workarounds Wisconsin and other states have enacted.

The TCJA provides tax relief for owners of pass-through entities and self-employed individuals under new Section 199A, but its application to rental real estate activities has not been clear.