The Latest

IRS attorneys clear the way for automatic first-time penalty abatement.

A few accountants recently called me to vent about being shorthanded and asked for suggestions on how they could get through tax season without turning down any business or dropping clients.

The National Association of Enrolled Agents asked its tax experts the best practices clients should follow when working with a tax professional, and gave some helpful advice from an online survey whose results were released Monday.

A Florida CPA was sentenced in federal court in Boston for multiple counts of tax fraud and obstructing the Internal Revenue Code.

India’s tycoon Singh brothers took at least 5 billion rupees ($78 million) out of the publicly traded hospital company they control without board approval about a year ago, people with knowledge of the matter said.

AI can be a problem for some CPA firms, particularly for those concentrated on attest services, which already have thin margins.

The Internal Revenue Service needs to do more to prevent inactive Employer Identification Numbers from being used to commit business identity theft and tax fraud, according to a new government report.

The Center for for Technology, Media and Telecommunications will conduct research into how clients can use technology-driven business models.

Oil companies that have claimed more than a billion dollars in tax credits for burying carbon dioxide underground just got a windfall from Congress, which expanded that incentive as part of the government spending bill signed into law on Friday.

Cherry Bekaert LLP, a Top 100 Firm, is expanding to Austin, Texas by acquiring Powell, Ebert & Smolik, PC, one of the biggest CPA firms there.