The request came in an AICPA letter to Treasury and the IRS seeking guidance on how employers should implement changes to the ...
The IRS provided guidance in Rev. Proc. 2026-17 on the withdrawal of elections to be excepted trades or businesses under Sec. 163(j)(7) for purposes of the business interest limitation and to make a ...
The relief allows taxpayers to use alternative methods to make adequate identification of digital asset units that are sold, ...
The AICPA Professional Ethics Executive Committee seeks comment on a revised definition to gather input on whether the ...
Schellman’s investment from Goldman Sachs, a transaction expected to close in the second quarter of this year, comes after ...
The IRS should expand the first-time abatement (FTA) program to cover more types of tax and information-return penalties and allow taxpayers to reverse an automatically applied FTA when they ...
An annual report issued Monday by the Private Company Council highlights its 2025 accomplishments and activities. The PCC, established in 2012 to work with FASB to improve the process of setting ...
The AICPA and the National Association of State Boards of Accountancy are among the group of entities reaffirming a smooth path for accounting professionals to practice across North American borders.
The IRS issued two sets of proposed regulations for Trump accounts, the new type of individual retirement accounts for eligible children under Sec. 530A of H.R. 1, P.L. 119‑21, known as the One Big ...
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