The Latest

President Joe Biden and First Lady Jill Biden paid $146,629 in federal income taxes on a combined $619,976 in adjusted gross income in 2023.

Fewer U.S. taxpayers have received a refund this year in the run-up to tax day compared to 2023, signaling some consumer spending may be disrupted.

A CPA's embezzlement turns out to be no excuse for trust fund recovery penalties.

The number of individual income tax returns received rose by more than 17.5% in just one week, as tax season entered its final stretch.

Embracing artificial intelligence can help firms transition from traditional to holistic client services based around advisory offerings.

Top 25 firm Marcum has released a new AI tool called AskMarcum.ai, which has been in development for 18 months and is already being used by its professionals.

The Internal Revenue Service is waiving penalties to companies that fail to pay their estimated taxes for the first quarter for the corporate alternative minimum tax.

Some financial advisors and tax professionals with high net worth clients could find big advantages before the expiration of provisions of the Tax Cuts and Jobs Act.

Generative AI delivers genuine business value to the CFO organization after all the hype has been subtracted.

The economy, the national debt and tax reform are accountants' top concerns this election season, according to a new Arizent survey.