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The Internal Revenue Service’s proposed regulations on the classification of transactions involving digital content could mean some unexpected tax bills for some publishers, especially those based abroad who sell copyrighted articles to U.S. readers.

Financial Accounting Standards Board Chairman Russell Golden compared the standard-setting process to the new race car movie, “Ford v Ferrari,” even though he admitted the process usually isn’t so speedy.

Plenty of tax deferral and impact investment runway is left even if clients miss the Dec. 31 deadline.

The digital platform will offer licensed tax professionals who prepare and file customers' individual US federal and state returns.

The draft model will look to 'address the greatly expanding body of knowledge required of newly licensed CPAs,' according to the two organizations.

Exxon Mobil Corp. won a closely watched securities-fraud trial that delved into its internal accounting for the financial risks of climate change, a striking rejection of New York state’s claim that the company misled investors for years.

House Democrats are making a last-ditch bid to reverse the $10,000 cap on state and local tax deductions before year’s end. But they’ll likely need to renew their efforts in 2020 — or beyond — because the legislation has no chance of becoming law this year.

The new platform connect taxpayers with 'their ideal tax professional.'

The notice delays a requirement for reporting partners’ share of partnership capital.

Financial Executives International and its Committee on Corporate Reporting have released a new guide on internal control considerations for business combinations.