The Latest

The tax break included in the Tax Cuts and Jobs Act that encourages real estate investors to develop projects in economically distressed communities in exchange for deferring capital gains taxes for years has come under fire for not living up to its promise.

Until you can find a reliable approach to governing your projects and resources, the dreaded seesaw will continue its ups and downs.

Rev. Proc. 2019-46 reflects changes from the Tax Cuts and Jobs Act.

Accounting firm owners and partners who did not get their own tax returns in on time face losing their licenses, being expelled from their professional societies, losing their livelihoods and possibly being imprisoned.

U.K. software company Sage Group Plc has entered into an agreement to sell its Sage Pay business to Elavon Financial Services, in an all-cash deal worth about 232 million pounds ($300 million).

The president urged the court for the second time in as many days to insulate him from an investigation.

The New Jersey Society of CPAs' Launchpad, free for local college and grad students, will debut on Dec. 9, 2019.

The Internal Revenue Service is expanding its efforts to ensure businesses and individuals are paying their taxes, particularly payroll taxes, with in-person visits planned by revenue officers to more parts of the country, starting recently in Wisconsin and later this month Texas and Arkansas.

The Financial Accounting Standards Board officially delayed the effective dates of its accounting standards for leases, credit losses, hedging and long-duration insurance contracts by issuing a pair of accounting standards updates.

The core issue is its potential for exploitation and fraud, according to Prof. J. Edward Ketz.