Category: NYT Accounting News

Tens of millions of taxpayers may be able to claim big tax refunds thanks to a court decision, but they must file soon.

The Top 25 Firm today acquired Jackson Thornton, a Gulf Coast Regional Leader.

The Federal Accounting Standards Advisory Board exposure draft offers a practical expedient for reporting on embedded leases in federal government contracts.

Rep. Kristen McDonald Rivet, introduced the Working Parents Tax Relief Act, which would give parents up to an additional $5,500 per child under the age of four.

The Institute of Internal Auditors is calling on lawmakers and policymakers to strengthen their oversight of prediction markets such as Kalshi and Polymarket.

The law, effective Oct. 1, 2026, will create a third pathway that allows candidates to earn their CPA license with a bachelor’s degree, two years of experience and passing the CPA exam.

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 dyed fuel.

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