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The IRS correctly calculated taxpayers’ eligibility for a recovery rebate credit in the 2021 filing seasons most of the time, the Treasury Inspector General for Tax Administration (TIGTA) said.

The IRS may be missing out on tens of billions of dollars a year from crypto traders not paying their taxes, according to a recent analysis of crypto trades from British bank Barclays.

Setting — and sometimes updating — client expectations is the best way to prevent future misunderstandings or disagreements.

The WICPA presented its Legislative Leadership Award to Rep. Robert Wittke, R-Racine, at the 2022 Member Recognition Banquet & Annual Business Meeting.

Interest rates for the third quarter of 2022 will increase starting July 1, the IRS recently announced.

A recent report from the Treasury Inspector General for Tax Administration (TIGTA) stresses the need to expand e-filing at the IRS for both taxpayers and the government.

For managers of understaffed teams, now is the time to set up process improvement interventions, prioritize core client needs and assign employees fewer concurrent projects.

Fraud will likely increase in cryptocurrency markets, the SEC warned following an intensified crackdown against swindling in decentralized finance platforms.

The IRS erroneously destroyed about 30 million unprocessed information returns due to outdated technology, the agency explained on May 12.

The AICPA Auditing Standards Board recently approved new quality management standards to improve a firm’s risk assessment and audit quality.