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In her annual report to Congress, National Taxpayer Advocate Erin Collins said the IRS is in much better shape than it was a year ago.

The AICPA Professional Ethics Executive Committee (PEEC) approved updates to the AICPA Code of Professional Conduct, including two new definitions and one revised definition.

After completing its final corrections to 2020 tax returns, the IRS issued 12 million refunds to those who overpaid their taxes on unemployment compensation they received in 2020.

A new PCAOB proposal would replace an interim standard for auditing confirmations that has not changed substantially since 2003.

The IRS audited fewer taxpayers in fiscal 2022, according to a new report from Syracuse University's Transactional Records Access Clearinghouse.

The updated 2024 CPA Exam Blueprints introduce a different format that will create flexibility and enable rising accountants to demonstrate their strengths and interests.

Despite the impacts of inflation and ongoing staffing struggles, small and mid-market business owners remain optimistic for a successful 2023, a new survey finds.

The IRS and Treasury have released updated guidance on accounting method changes for research and development (R&D) expenditures.

The IRS recently increased the 2023 optional standard mileage rate used to calculate tax deductions by 3 cents for business purposes.

The IRS updated its FAQ webpage addressing Form 1099-K, Payment Card and Third-Party Network Transactions, in Fact Sheet FS-2022-41.