News

If proposed regulations become final, the withdrawal would let taxpayers treat the January 2025 transaction-of-interest regulations as having never taken effect.

The IRS says a surge in fabricated Form 2439 filings prompted the only new addition to this year’s Dirty Dozen, underscoring how quickly tax schemes evolve.

The proposed regulations would shift digital-asset reporting toward electronic-only delivery by loosening consent requirements for brokers.

Finance decision-makers are more optimistic about the U.S. economy and their own organizations in the first quarter, according to the AICPA and CIMA Economic Outlook Survey.

Companies with more than $1 billion in revenue are required to post their first annual reports by Aug. 10, while a law affecting companies with at least $500 million in revenue remains paused by a legal challenge.

The IRS issued the 2026 depreciation limitations for passenger vehicles, including those for which bonus depreciation is applied.

The Schedule 1-A does not differ from the draft version issued last year, but instructions for Form 1040 provide details and examples on the four temporary deductions.

The board is accepting comments through April 27 on proposed authoritative guidance related to subsidies in Statement No. 103, Financial Reporting Model Improvements.

The AICPA supports the Taxpayer Assistance and Service Act but seeks further improvements.

In a comment letter, the AICPA asks that the department’s new rule related to student loan limits either list accounting as a “professional degree program” or retain current language stating that “professional degrees may include but are not limited to” the list in a notice of proposed rulemaking.

In a letter to the IRS and Treasury, the AICPA said enrolling children by default “would promote equitable access, reduce procedural barriers, and strengthen the intended reach of the program.”

Most companies committed to AI tools believe they have a strategic advantage, but they also have more risks to consider.

The Committee of Sponsoring Organizations of the Treadway Commission’s publication relies on its proven internal control framework to help companies manage AI-related risks.

The report to Congress also recommends four ways for the IRS to close the chapter on the pandemic-era credit.

An exposure draft approved by the AICPA board updates baseline standards and addresses sustainability and other emerging areas of assurance.

Celebrating 10 years in Las Vegas, ENGAGE 2026 is set for June 8–11. The event begins with a high-profile keynote conversation.

What are Sec. 530A Trump accounts, and how should CPAs advise families? This Q&A breaks down contributions, investment limits, and planning considerations practitioners need to understand.

The IRS said it anticipates that the future final regulations on RMDs under Sec. 401(a)(9) will apply for the distribution calendar year that begins no earlier than six months after those regulations’ appearance in the Federal Register.

Taxpayers are shifting back toward human tax professionals, with trust in AI for filing slipping across every generation, survey shows.

Requested guidance can be provided through modifications to Rev. Proc. 2025-28 and/or other published guidance.