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The Internal Revenue Service issued more than 4.4 million Economic Impact Payments last year totaling more than $5.5 billion to potentially ineligible people, according to a new report.

During the pandemic, small-business owners have been relying on their accountants for more than just bookkeeping.

The Group of Seven meeting of finance officials in London next week must strike an agreement to corral the rest of the world into changing how much tax multinationals pay and where, French minister Bruno Le Maire said Thursday.

The Internal Revenue Service disbursed more than 1.8 million additional Economic Impact Payments totaling over $3.5 billion under the American Rescue Plan in the past two weeks.

The Big Four firm utilized employee feedback during the COVID-19 pandemic to launch new initiatives aimed at decreasing stress.

The Financial Reporting Executive Committee posted draft versions of its interpretations of the Financial Accounting Standards Board’s new long-duration insurance accounting standard.

The Biden administration urged the U.S. Supreme Court to turn away a New Hampshire lawsuit that challenges Massachusetts’ practice of taxing nonresidents who once worked in the state but now do their jobs from home.

President Joe Biden’s pick to lead the Treasury Department’s tax policy efforts pledged to work with lawmakers on a bipartisan basis and be a strong advocate for the Internal Revenue Service.

The Securities and Exchange Commission wants input from accountants on rules it is developing for disclosing climate risks and environmental, social and governance reporting.

Even as they look to ramp up acquisitions, funds are worried about the potential impact of these much-discussed taxes.

The American Institute of CPAs and the Chartered Institute of Management Accountants jointly released guidance Tuesday for auditing and accounting for the risks of digital assets such as cryptocurrency.

Basis debate; relief to come; underreporting and the gap; and other highlights from our favorite tax bloggers.

Plans sold through brokers cost nearly three times as much as those sold directly; time-stressed parents can find it's worth it.

The senator is proposing to nearly triple the IRS’s budget to help identify wealthy individuals who are evading taxes.

The Biden administration proposal contains many, but not all, of the tax provisions the president campaigned on.

The Internal Revenue Service has been pilot testing new technology allowing for secure tax transcript retrieval that can integrate with an accounting firm’s practice management system.

The service plans to host its tax forums online again this summer starting July 20.

Anduin provides its billing solution to BDO firms, and TaxDome software updates improve e-sig capabilities.

The first challenge for the new chief executive officer of Binance.US: combat the perception that his company is simply a stand-in for a sister crypto firm that’s under investigation by the IRS and the DOJ.

A sizable chunk of private companies still aren’t ready to implement the new lease accounting standard before the end of the year, despite postponements in the deadline due to the pandemic.