What questions should financial advisers expect to hear from clients newly armed with artificial intelligence tools, and how can they answer the call to strengthen their position as essential experts?

A first-of-its-kind GAO analysis estimates annual federal tax fraud losses at $116 billion to $304 billion. The report said that the IRS needs a coordinated antifraud strategy. The IRS partially ...

Drawing from lessons learned in a real-life dissolution, a former CFO shares what CPAs need to know about applying FASB ASC ...

Treasury and the IRS issued proposed regulations (REG-117199-25) Thursday to implement the education freedom tax credit, a new federal tax credit under Sec. 25F for contributions to organizations that ...

Participants in the Council on AI Risk in Tax, led by the AICPA and former IRS commissioner Danny Werfel, include leaders ...

Treasury and the IRS issued temporary regulations (T.D. 10056) and proposed regulations (CC-00226466-26) Tuesday to automatically enroll eligible children in Trump accounts after developing a ...

The Senate unanimously approved the Taxpayer Assistance and Service (TAS) Act on Wednesday, advancing a bipartisan package of taxpayer-focused reforms that the AICPA called a “significant achievement” ...

A TIGTA report found that IRS delays in resolving identity theft cases cost the government $124.2 million in refund interest ...

In its annual update, the IRS increased the special per diem rates taxpayers may use to substantiate business travel expenses for the upcoming travel year and updated its list of high-cost localities.

The agenda features projects on negative assurance related to comfort letter engagements, auditor independence, fraud, noncompliance with laws and regulations, and going concern. Also, the SEC is ...