Revenue Ruling 2026-20 applies substance over form and step transaction doctrines to reject the tax benefits sought under Sec ...

Kent Amarante, ASA, MRICS, is senior vice president, machinery & equipment, at Valuation Research Corporation. He is part of the tangible assets valuation group and specializes in valuations of ...

Allocated costs can distort replacement or reproduction cost new estimates, depreciation analyses and valuation conclusions.

A comfortable majority of accountants agree that artificial intelligence represents the foremost ethical challenge to the ...

CFOs must actively negotiate the conditions for success by which the ERP program will be measured, focusing on three areas.

About a third of small CPA firms have implemented a measure that prevents fraudsters from sending fake emails in their name ...

Lease accounting under ASC 842 has become one of the clearest tests of how ready a firm is for the next era of audit.

The IRS and its Criminal Investigation division partnered with U.S. Attorneys' Offices around the country and uncovered more ...

Proposed regulations restrict eligibility for Premium Tax Credits for health insurance to U.S. citizens, U.S. nationals and ...

The AICPA released a new practice guide for auditors on how current audit standards apply to the use of AI, both in terms of ...

The Social Security Administration plans to increase benefits the most in four years, for an average increase of $75 per ...

Plenty of firms' websites describe the services they provide in language that could belong to any practice in the country.