CPAs dealing with the new 1099-DA rules this year are challenged by the fact that they only report gross proceeds this year, ...

The Internal Revenue Service vastly overstated the projected costs of operating the free tax prep program before terminating ...

A Texas judge struck down a rule requiring professionals engaged in real estate closings and settlements to report ...

The IRS issued a revenue procedure on how businesses can take advantage of new tax breaks offered by the OBBBA and withdraw elections made under the old rules.

The goal should not be unnecessary regulation or barriers to entry. The goal should be confidence that taxpayers are receiving reliable guidance.

The average growth rate for accounting and financial services firms has fallen from an all-time high of 13% to less than 10% ...

Paul Griggs, U.S. senior partner and CEO for Big Four firm PwC, said they plan to adjust billing model in certain areas to factor in AI, and added that if any of those same human professionals have a ...

Moss Adams, a former Top 25 Firm that joined Baker Tilly US last year in a megamerger, has spun off its Moss Adams Wealth ...

AI can now do most of the boring work, which raises the question of what the humans will be doing. According to vendors ...

The Internal Revenue Service said Friday that more than 1.2 million taxpayers only have until April 15 to claim a total of approximately $1.2 billion in refunds for tax year 2022. Processing Content ...