Featured News
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IRS to notify Americans with unclaimed tax payments
The IRS is sending letters to more than 9 million Americans and their families who appear to qualify for a variety of pandemic-era tax benefits that remain unclaimed.
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SEC modernizes recordkeeping rules
The SEC has adopted amendments that modernize how broker-dealers and other entities can preserve electronic records they share with the commission.
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Finals regulations adopt ‘family-friendly’ health care affordability test
The IRS recently issued final regulations adopting an affordability test for employer-sponsored minimum essential coverages for the Sec. 36B premium tax credit.
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Shifting from tax compliance to advisory services
From internal bandwidth to handling change-adverse clients, CPA firms can overcome the struggles of making the leap from tax compliance to advisory services.
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Treasury sets tax credit rule to expand affordable housing
Treasury moved to preserve and expand the supply of affordable housing by finalizing a new tax credit income rule that may qualify more housing projects.
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FASB proposes improvements to segment reporting
FASB has proposed an Accounting Standards Update (ASU) that intends to improve segment reporting.
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BBB report: Online scams rose 87% since 2015
The number of online scams reported to the Better Business Bureau (BBB) rose 87% since 2015, the organization revealed in a new data report.
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IRS seeks feedback on upcoming energy guidance
The IRS has issued six notices asking tax professionals for comments on different aspects of extensions and enhancements of energy tax benefits in the Inflation Reduction Act.
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IRS grants $41M for TCE, VITA programs
The IRS recently awarded $41 million in Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grants to organizations for free federal tax preparation.
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AICPA releases 2022 firm survey results
The AICPA and its Private Companies Practice Section (PCPS) have released their annual survey results addressing the top concerns for CPA firms.