Accounting News

Wrong arm of the law; it all comes out in the wash; human nature and other highlights of recent tax cases.

The IRS issued Recovery Rebate Credits for the pandemic to nearly 301,000 ineligible taxpayers, many of whom were either immigrants or received extra payments.

The Institute asked for guidance from the IRS and the Treasury on the Trump Accounts for newborns as well other provisions of the One Big

Lawmakers in Congress have their eyes on several pieces of tax-related legislation that may or may not get passed this year, though the upcoming November

For accounting firms, the evolution in cyberthreats is more than a wake-up call, it’s a risk to client trust, compliance status, and long-term reputation.

Sorren, a rapidly growing firm based in Meridian, Idaho, acquired Connected Accounting in Los Angeles.

The Governmental Accounting Standards Board released a proposed Implementation Guide with questions and answers on the requirements related to subsidies.

The Top 50 Firm acquired Larson Tax Partners, expanding its presence in the Midwest and strengthening its tax practice.

Proposed regulations will affect the determination of taxable income or loss and foreign currency gain or loss with respect to a qualified business unit.

Crowe Global reported revenues of $6.5 billion in 2025 across its international accounting firm network, a 12% increase year over year.

Cryptocurrency disposals; cosmetic compliance; paper or plastic; and other highlights from our favorite tax bloggers.

Forvis Mazars reported its combined revenue globally for fiscal years 2024-25 reached $5.7 billion, or about 11% year-over-year growth.

The IRS’s Criminal Investigation unit is leveraging the data received from financial institutions under the Bank Secrecy Act for the vast majority of probes.

Paid tax preparers can make serious errors on tax returns, according to a report from the Government Accountability Office that recommends better oversight.

The National Association of Black Accountants and the Tennessee Society of CPAs are partnering to address the talent shortage.