The Internal Revenue Service rarely penalizes taxpayers who have high balances in foreign bank accounts and fail to file the proper forms, according to a
The Senate Finance Committee ranking member introduced two bills cracking down on grantor retained annuity trusts and private placement life insurance.
IT hygiene; final tally; movements in the U.S. dollar; and other highlights from our favorite tax bloggers.
The theme of this year’s survey is “Caught in the Middle,” exploring how caregiving responsibilities, as well as other responsibilities outside work, affect accounting professionals
The Internal Revenue Service will need to be ready for a wave of tax return filings from procrastinating taxpayers, as well as requests for extensions.
Fraudsters have been active again this tax season, but the increasing power of artificial intelligence is helping supercharge the danger of tax scams.
The IRS’s Office of Professional Responsibility warned tax preparers of endorsing or negotiating taxpayers’ federal refunds.
The International Forum of Independent Audit Regulators released a report summarizing its annual survey of inspection findings from audit regulators around the world.
The Governmental Accounting Standards Board is proposing to overhaul the structure for providing guidance on U.S. GAAP for state and local governments.
If your clients been waiting for the merger market to fully reopen, they’re not alone — and 2026 may be the year their patience runs
Top 100 Firm leaders name the biggest challenges to the profession — from private equity and tech, to staffing and change management.
Cybersecurity remains a key concern, according to the Center for Audit Quality and Deloitte’s new report on audit committee effectiveness and priorities.
The new excise tax under the One Big Beautiful Bill Act will impose new costs on remittances sent by immigrant workers to family members abroad.
Something big is happening in the American retirement landscape, and small businesses are right in the middle of it.
The Internal Revenue Service and the Treasury released final regulations on the new tax deduction for tipped employees under the One Big Beautiful Bill Act.
