Accounting News

CryptoPunks; Eight Percent Fund; fake Transaction Summaries; and other highlights of recent tax cases.

Nonprofit organizations are worried the IRS and the Treasury Department will take away their tax-exempt status and even sue or prosecute them.

The IRS and the Treasury posted temporary regulations and a notice of proposed rulemaking outlining a new way to recover federal excise taxes paid on

The International Financial Reporting Standards Foundation revised its Due Process Handbook, outlining the steps used for developing IASB and ISSB standards.

KPMG is shutting down its audit practice for the federal government after losing a Pentagon contract, and laying off 4% of its U.S. advisory practice.

Kreston Global, an international accounting network based in London, has created a new Global Legal Group, uniting legal professionals from across the network, operating in

A group of bipartisan bills moved through the House this week that would make changes in IRS administration, customer service, taxpayer privacy, tax return processing,

AI can produce analysis, but it can’t build trust or relationships. If students aren’t trained in those areas, they’ll be unprepared for roles that matter

Indexing capital gains to inflation would allow taxpayers to adjust the value of an asset to account for rising prices across the economy.

An AI agent is a system that can not only answer questions but also take autonomous action — a proactive team member who watches, thinks

New GASB standards; tax cheats; along for the rideshare; and other highlights from our favorite tax bloggers.

The deal, expected to close later this year, will expand Grant Thornton’s presence in the Asia Pacific region.

The International Public Sector Accounting Standards Board hopes to improve how financial information is presented in public sector financial statements.

The legislation would enable taxpayers to use a secure IRS website to download a tax form automatically populated with information the IRS already collects.

Chief executives have been seeing substantial pay gains over the past year, especially at the largest companies, according to a new analysis.