Category: NYT Accounting News

A new report says that federal credit programs are costing tens of billions more than stated because the federal government isn’t using fair value accounting.

Erin Collins is objecting to proposed regs that would enable the IRS to shorten its third-party notice requirements from 45 days to as little as 10.

The Public Company Accounting Oversight Board sanctioned JTC Fair Song for repeatedly violating rules and failing to cooperate with investigators.

As the conversation around diversity, equity and inclusion evolves, firms find themselves in a complex dance where the music occasionally skips a beat.

Although no Republicans voted for the measure two years ago, some of its incentives, such as tax credits for producing hydrogen and capturing carbon dioxide, are very popular with oil companies and other core GOP constituencies.

Next year will bring a major test with the upcoming expiration of many of the provisions from the Tax Cuts and Jobs Act.

Tax practitioners weigh in on what the newly elected president wants to do tax-wise, and what he’ll actually be able to do tax-wise.

The first two pages; a Rainy day; in all modesty; and other highlights of recent tax cases.

The IRS beefed up its information technology internal controls.

Target-date fund holders who invested through taxable accounts absorbed a giant capital gains distribution because of the firm’s flub, the plaintiffs say.