Comments are requested by July 30 on a proposal that would allow reporting entities to apply a practical expedient to ...

A report from the Treasury Inspector General for Tax Administration found that delayed 1099-R and W-2G filings limit the IRS’s ability to spot refund fraud early.

Learn how CPAs can help clients make smarter retirement decisions by balancing taxes, withdrawal timing, IRMAA, and long-term ...

The IRS expanded its CP53E guidance with fresh information on QR code security, online account access problems, and how ...

The tax partner at BMSS Advisors is elected to the one-year volunteer post at AICPA spring Council, succeeding Lexy Kessler.

FASB on Tuesday published an Accounting Standards Update (ASU) aimed at improving the financial accounting for and disclosure of activities related to environmental credits and environmental credit ...

The AICPA, in letters to Congress, said it supports legislation in the House and Senate that would codify Treasury’s 2025 interim rule limiting beneficial ownership information (BOI) reporting to ...

The IRS’s sending of about 1.4 million CP53E notices sparked concerns about errors and fraud. A release from the Taxpayer Advocate Service urged taxpayers to verify their accounts directly on IRS.gov.

The final regulations published Tuesday by the IRS stick with the proposed regulations that modify information-reporting obligations for Part IV of Form 8308, Report of a Sale or Exchange of Certain ...

The organization highlighted top technical issues across 10 areas and urged the IRS to prioritize tax simplification.

The terms of the new, time-limited settlement opportunity include the type and amount of deduction that eligible taxpayers ...