Featured News
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AICPA weighs in on updated instructions to estate tax form
In a letter to the IRS, the AICPA provided comments regarding the updating of instructions for Form 8971, Information Regarding Beneficiaries Acquiring Property from a Decedent.
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Survey: Tax leaders prioritize transparency, digitalization
A new survey found that transparency and digitalization continue to be key priorities for tax leaders around the world.
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Handling financial stress in volatile times
A new AICPA survey finds that money-related stress is at the top of most Americans' minds, with more than 70% of respondents feeling either cautious or uncertain about their financial situation.
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US graduate schools see rise in accounting program applications
A historic percentage of graduate accounting programs in the United States reported a rise in student applications last year.
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FASB proposes guidance on accounting for debt exchanges
FASB is seeking feedback through Friday, May 30, on its proposed accounting guidance for debt exchange transactions involving multiple creditors.
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AICPA comments on new transfer-pricing regulations
The AICPA submitted comments to the IRS regarding proposed regulations that will incorporate the OECD's Simplified and Streamlined Approach (SSA) as a new transfer-pricing method.
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Survey: Perceptions of accounting brighten among students
A new survey from the Center for Audit Quality (CAQ) found that perceptions held by high school and early college students about accounting are trending in a positive direction.
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IRS clarifies tax deductions for fraud victims
A new IRS memo provides more clarity for fraud victims regarding tax deductions for financial losses incurred from scams.
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IRS raises HSA contribution limits for 2026
The IRS has released its annual inflation-adjusted figures for health savings accounts (HSAs) for the upcoming year, reflecting modest increases due to a decrease in inflation.
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AICPA outlines its digital assets activities to SEC's crypto task force
In a comment letter to the SEC’s newly formed Crypto Task Force, the AICPA spelled out its initiatives in the digital assets space and offered to serve as an ongoing resource.