FASB published an Accounting Standards Update requiring public companies to disclose additional information about certain expenses in the notes to financial statements.

The regulations under Sec. 6335, which had not changed substantially since they were first issued in 1954, did not reflect modern electronic methods of submitting bids and accepting payment from ...

To access Copilot in Outlook, click on the Copilot icon located on the left side of Outlook in the apps bar, as pictured in ...

While most energy-related credits apply to businesses, individual taxpayers can claim a tax credit based on energy-efficient ...

A study involving 390 students suggests a preference for using ChatGPT as a supplement to traditional resources, such as ...

Cathy Rowe, Senior Vice President and Segment Leader, U.S. Professional Market, Wolters Kluwer Tax & Accounting North America ...

The losses occurred over an eight-month period ending in April, according to a report from the Treasury Inspector General for Tax Administration.

The IRS announced inflation-adjusted limits on benefits and contributions for various retirement accounts on Friday, including maximum contribution amounts for 401(k) plans and traditional and Roth ...

National Taxpayer Advocate Erin Collins discussed the changes in a recent blog post. The changes have been long advocated by the AICPA.

The AICPA had requested that the Financial Crimes Enforcement Network extend reporting deadlines for beneficial ownership information for victims of hurricanes Beryl, Debby, Francine, Helene, and ...

The IRS’s increased enforcement efforts come at a time when claims related to late or missed filings are increasing. A docket system can help avoid these errors, but it can’t do it alone. It needs ...

The Financial Accounting Standards Board seeks public comment on targeted improvements to the reporting of internal-use software.