The request follows reports from taxpayers who said they received notices despite not expecting a refund or having already ...

The guidance sets forth conditions for contributions to qualify for the annual gift tax exclusion and for donors to avoid ...

While an increasing number of large U.S. companies turned to audit firms for assurance of sustainability data in 2024, a gap ...

The IRS warned that AI’s risks — including fabricated outputs and data privacy concerns — require practitioners to verify ...

The national taxpayer advocate’s Fiscal Year 2027 Objectives Report to Congress says the IRS processed about 139 million ...

The Electronic Tax Administration Advisory Committee calls for predictable, multiyear funding; expanded use of artificial ...

Larger firms participating in the biennial Private Companies Practice Section survey also are grappling with people-related ...

FASB published two Accounting Standards Updates recently. One is intended to improve accounting guidance for interest rate ...

The Supreme Court’s decision Monday to deny certiorari in Murrin lets stand a Third Circuit holding that the Sec. 6501(c)(1) unlimited period for the assessment of tax applies when a fraudulent return ...

A critical part of an overall financial plan, regardless of age, is having goals for how you will live and spend in the short and long term and managing the assets you have accumulated to fund those ...

The Tax Court found that advances made by Anaheim Arena Management LLC (AAM) did not constitute bona fide debt and therefore upheld the IRS’s disallowance of AAM’s bad-debt deduction for the advances.