Featured News

U.S. retail sales increased more than expected in March amid a surge in receipts at online retailers, further evidence that the economy ended the first quarter on solid ground.

The IRS has provided a limited waiver for a corporate taxpayer's failure to pay estimated income tax with respect to its corporate alternative minimum tax (AMT) liability.

With the April tax filing deadline now over, the IRS highlighted a variety of improvements that dramatically expanded service for millions of taxpayers during the 2024 filing season.

Small businesses in professional services are more concerned about cyberattacks than those in manufacturing or other services, the U.S. Chamber of Commerce said.

The IRS concluded its annual list of 12 scams and schemes by covering two broad categories: bogus tax-avoidance strategies and schemes with an international element.

CPA Pilot's new AI tax assistant leverages advanced algorithms to analyze data and offer precise insights quickly, allowing tax professionals to prioritize strategic tasks.

As part of the Dirty Dozen campaign, the IRS warned wealthy individuals about three tax traps designed for them by dishonest promoters and shady tax practitioners.

New PCAOB proposals cover 11 firm and engagement metrics as well as new annual and special reporting requirements in five key areas.

Wisconsin DECA is seeking volunteer judges for its Virtual Expect Excellence practice event on Tuesday, April 16, and Wednesday, April 17.

The IRS said it will not include the rebates provided under the Inflation Reduction Act of 2022 in individual purchasers’ gross income or in the cost basis of the property purchased.