News

The organization highlighted top technical issues across 10 areas and urged the IRS to prioritize tax simplification.

The IRS’s sending of about 1.4 million CP53E notices sparked concerns about errors and fraud. A release from the Taxpayer Advocate Service urged taxpayers to verify their accounts directly on IRS.gov.

The terms of the new, time-limited settlement opportunity include the type and amount of deduction that eligible taxpayers will be allowed and the penalty rate that will apply.

Most global finance leaders in a new survey report that artificial intelligence is improving decision-making and forecast accuracy in the finance function, and organizations using agentic AI and those making sure AI is assurance-ready are seeing bigger gains.

With hundreds of cases in the courts, the IRS is preparing at least its fourth settlement offer in syndicated conservation easement cases in recent years.

Taxpayers and practitioners are unsure whether the CP53E notices they have received are scams or simply sent in error, a confusion heightened by the inclusion of a QR code.

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.

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.

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.”

A comment letter to the office responsible for establishing final rules for the Guiding and Establishing National Innovation for U.S. Stablecoins Act makes the case for leveraging the AICPA’s established framework.

Fifty-two percent of employees in a recent survey self-medicated at work in the previous year, and nearly as many (51%) cried on the job in the previous month. During Mental Health Awareness Month, what can organizations do to ease the pain?

National Taxpayer Advocate Erin Collins explained what affected taxpayers need to do in response to the Court of Federal Claims’ holding that a taxpayer’s refund claim filing deadline was automatically extended by Sec. 7508A(d)(1) due to the COVID-19 disaster declaration.

Taxpayers meeting eligibility rules can now use Form 907 to preserve their right to challenge ERC disallowances while the IRS continues its review.

Most Americans don’t have adequate emergency savings, according to a survey conducted for National Financial Literacy Month. The AICPA offers four tips from CPAs to help remedy the shortfall.

The House Financial Services Committee voted to remove domestic-owned companies from the beneficial ownership information reporting requirements of the Corporate Transparency Act.

FASB published an Accounting Standards Update that provides authoritative guidance on how an issuer should initially measure paid-in-kind dividends on equity-classified preferred stock.

Cost management topped CFOs’ list of internal risks in a recent Deloitte survey, and respondents cited automation and technology upgrades as the most proven way to control costs.

A Treasury release said the changes are intended to “strengthen tax administration” and provide clearer reporting on the activities of tax-exempt organizations. No timeline was announced.

Professional accounting bodies in the United States and South Africa signed a renewed mutual recognition agreement to support cross-border practice between the countries.

Recent survey results suggest that poor governance is more costly to artificial intelligence ROI than issues related to workforce and data readiness. What can companies do to get their house in order?