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Proposed regulations from the IRS and Treasury would define foreign currency contracts subject to the Sec.1256 mark-to-market rules as only including forward contracts.

The Black CPA Centennial, a national initiative to provide financial support to Black accounting students, recently awarded 100 scholarships across the U.S. totaling $93,500.

Considering what you’re spending to attend various accounting conferences, it’s important to get the most out of your time and energy.

FASB recently issued its 2021 FASB Agenda Consultation Report, which announced the addition of three new projects to its technical agenda.

The Electronic Tax Administration Advisory Committee’s (ETAAC’s) annual report praised IRS improvements on the e-file process but said the agency will need more funding support.

U.S. consumer confidence sharply fell in June as worries about high inflation left consumers anticipating economic growth would significantly weaken in the second half of 2022.

The IRS and Treasury have proposed regulations incorporating present-value principles by which an estate may deduct certain expenses and claims against the estate.

A new Q&A from the AICPA explains guidance regarding the accounting for entities that have obligations to safeguard crypto-assets.

The AICPA’s Professional Ethics Executive Committee and Auditing Standards Board issued new requirements regarding NOCLAR within the AICPA code of conduct.

Taxpayers can now electronically amend Forms 1040-NR, 1040-SS and 1040-PR, the IRS announced Thursday, June 23.