Featured News
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IRS kicks off 2025 tax season
The IRS has officially opened the 2025 tax filing season, accepting federal individual tax returns for the year 2024.
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IRS revises FAQs on home energy tax credits
The IRS recently updated its fact sheet about the energy-efficient home improvement credit and the residential clean energy property credit.
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FASB proposes several changes to accounting standards
FASB is seeking feedback on a proposed Accounting Standards Update (ASU) that addresses 34 issues in its codification.
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New IRS rules address expatriate gifts
The IRS has issued final regulations concerning taxes on gifts and bequests received from individuals who renounced their U.S. citizenship or residency.
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FinCEN says BOI reporting remains on hold
FinCEN has announced that reporting companies covered by the Corporate Transparency Act's BOI reporting requirement do not have to file the reports while an injunction remains in place.
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BOI reporting still on hold despite Supreme Court ruling
A nationwide federal court order barring enforcement of beneficial ownership information (BOI) reporting requirements remains in effect.
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Ensuring your firm’s future with smart tech choices
To secure an accounting firm’s future, leaders should reassess their strategic initiatives and understand how technology impacts every aspect of their operations.
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Supreme Court lifts BOI injunction; filing timeline unclear
The Supreme Court issued a stay of a nationwide injunction that banned enforcement of beneficial ownership information (BOI) reporting requirements.
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AICPA: Executive order shouldn’t affect IRS tax season hiring
An AICPA vice president recently explained that President Donald Trump’s executive order regarding IRS hiring should not affect the use of seasonal employees for the tax season.
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IRS testing changes to alternative dispute resolution programs
The IRS recently announced that new pilot programs will test changes to existing alternative dispute resolution programs, including fast-track settlements.