According to IRS Notice 2026-10, however, some other mileage rates will go down.
Category: NYT Accounting News
AICPA proposes new rules for alternative practice structures
The institute has proposed a set of revisions to its Code of Professional Conduct regarding the structures set up by firms with private equity investment.
Why are firms looking to PE?
Two-thirds of firms say they don’t need outside capital, and of the third that do, the most common reason they’re looking might surprise you.
IRS-CI helped catch Brown University killer
Agents with the Internal Revenue Service’s Criminal Investigation unit reportedly helped track down the shooter who terrorized Brown University and MIT.
Britney Spears disputes $600K tax claim
Britney Spears is disputing a $600,000 tax claim from the Internal Revenue Service.
Tax Fraud Blotter: Bunch of gems
The big clean up; turning down the volume; it’s a killing; and other highlights of recent tax cases.
Governmental Accounting Standards Advisory Council members appointed
The trustees overseeing the Financial Accounting Foundation have named three new members of the Governmental Accounting Standards Advisory Council.
Guidance coming on recovering dyed fuel excise tax
The Treasury and the IRS are asking that taxpayers hold off on claims until they clarify the rules.
CPA Canada signs pact with African accounting group
Chartered Professional Accountants of Canada has signed a memorandum of understanding with the Pan African Federation of Accountants.
The top 10 criminal tax cases of 2025
The IRS Criminal Investigation unit cited its top cases that led to multiyear prison sentences and multimillion-dollar financial settlements for tax crimes.