Featured News

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.

The Wisconsin Department of Revenue (DOR) has introduced a new feature that enables third-party My Tax Account (MTA) users to request the inactivation of most business tax accounts.

According to a Center for Audit Quality study, the number of financial restatements filed with the SEC dropped by more than 50% from 2013 to 2022.

A new report finds that small businesses with fewer than 50 employees added jobs in June but at a slower pace than in May.

Almost two-thirds of tax professionals who responded to an annual AICPA survey about IRS customer service said it takes over 90 days for the agency to respond to correspondence.