The IRS announced Thursday that it is delaying changes to certain information returns, withholding tables, and reporting and withholding procedures until tax year 2026 “to avoid disruptions.” ...

Commissioner Billy Long said last week that the next filing season would start around Presidents Day, but the IRS said Tuesday that it has not set a date.

Interim guidance issued Tuesday by the IRS on the Sec. 55 corporate alternative minimum tax (AMT) contains several changes for which the AICPA advocated. One such change in Notice 2025-28 is the ...

Accounting automation’s intelligent future Unlike robotic process automation, intelligent process automation has advanced AI that can assist with judgments previously only CPAs could handle.

Legislation passed by Congress will allow the IRS to grant tax relief when a governor declares either a disaster or state emergency rather than waiting for a federal disaster declaration, which may ...

The Senate Finance Committee on Monday released its version of proposed tax provisions to be included in the budget reconciliation bill being considered by Congress. The House of Representatives ...

The House of Representatives approved an amended version of the budget reconciliation bill Thursday morning, sending it to the Senate for consideration. The bill, H.R. 1, known as the One Big ...

The boards of directors of the AICPA and the National Association of State Boards of Accountancy (NASBA) approved an expansion of accountancy’s model legislation to include an additional path to CPA ...

The House Ways and Means Committee approved expanded legislative language for its recommendations of tax provisions to be included in the budget reconciliation bill that Congress is putting together.

Employee ownership and taxes: Why firms are choosing ESOPs Converting to an employee stock ownership plan offers firms tax benefits and an alternative to private equity.

4 WAYS TO DEVELOP CRITICAL THINKING SKILLS WITH TECHNOLOGY By integrating technology and critical thinking, accountants can enhance their efficiency, accuracy, and strategic decision-making ...

Finding the Corporate Transparency Act “likely unconstitutional,” a federal district court prohibited its enforcement and the enforcement of its accompanying regulations.