
Tax, accounting, auditing news - Journal of Accountancy
The IRS is reinstating the practice of issuing these letters in response to numerous informal comments from taxpayers and practitioners regarding the time required to process letter ruling requests and the scope of those requests.
Posted: May 7, 2026, 5:42 pm
The long-standing requirement that public companies file a quarterly report with the SEC could give way to the option of reporting either on a quarterly or semiannual basis.
Posted: May 6, 2026, 12:47 pm
The final rule, effective July 1, 2026, sets annual and lifetime limits on federal student loans. The AICPA had urged the Department of Education to include language in the final rule that its “professional degree” definition “does not reflect a value judgment.”
Posted: May 5, 2026, 9:23 pm
