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The legislation blocks a rule that would have forced some cryptocurrency brokers to provide tax information on transactions on their platforms.

Though the SEC has yet to issue regulations specific to AI, that doesn't mean companies are off the hook when it comes to disclosures.

As AI works its way into more and more business processes, it has become increasingly important for auditors to understand where, why, when and how organizations use it and what impact it is having.

Big Four firm EY announced a collection of new AI solutions to enhance the work of its assurance professionals, as part of its $1 billion investment in AI.

The American Institute of CPAs asked officials in the Treasury and the IRS for changes in the final regs governing generation-skipping transfer tax exemptions.

The International Auditing and Assurance Standards Board released a revised standard on how auditors should evaluate a business's prospects as a going concern.

The first wave of layoffs and others in the works will reduce enforcement. But the smaller ranks will still carry out "a rather grueling examination," an expert says.

Deloitte, PwC, KPMG and business software provider Intuit, each announced separate deals with Google to access its cloud infrastructure and AI capacities.

The Internal Revenue Service will give taxpayer data about immigrants to U.S. authorities conducting criminal investigations

Acting IRS commissioner Melanie Krause reportedly intends to resign after a deal with the Department of Homeland Security to use IRS data for immigration enforcement.

In two recent cases, the court looked to local law for the first time in research funding analysis.

Change is not at hand; a question for brokerages; the IRS Simple Installment; and other highlights from our favorite tax bloggers.

Elon Musk's Department of Government Efficiency reportedly plans to centralize all IRS data around a single portal and will begin efforts next week with a "hackathon."

Individuals and businesses in a dozen states hit by natural disasters in 2024 will have at least a few extra weeks to file their taxes or ask for an extension.

The 831(b) Institute sent a letter requesting an extension on a deadline for disclosing information about transactions that the IRS views as tax shelters.

Internal Revenue Service employees are being offered a last chance for a voluntary buyout as the Supreme Court blocked a ruling requiring the IRS to rehire workers.

Donor-advised funds are continuing to grow while enjoying substantial tax deductions -- even as many contributions go to other DAFs.

The National Treasury Employees Union asked a judge for emergency relief to preserve collective bargaining rights in response to a Trump executive order.

Employment rose by a stronger than expected 228,000 jobs in March, although unemployment inched up to 4.2%, the U.S. Bureau of Labor Statistics reported.

More than 60 lawyers wrote in response to a memo by Deputy Attorney General Todd Blanche that called for a broad reorganization of the department.