Organization Root Tag

The tax deadline is coming Wednesday after tax season was extended by three months to give taxpayers and preparers more time to deal with the novel coronavirus pandemic, but many of them will be dealing with extensions and amended returns in the months ahead.

IFAC, the IAASB and IESBA will remain involved in setting standards, but with changes in governance and composition.

Three students, as well as their nominating firms, will receive $10,000 each for representing the "next generation of accountants."

Companies that don’t receive tax services from their auditing firms to avoid compromising auditor independence could end up paying more in taxes, at least temporarily, according to a new academic study.

NCCPAP’s Stephen Mankowski offers an update on how the service is handling the pandemic.

The Public Company Accounting Oversight Board announced that 234 U.S. accounting students were selected to receive $10,000 scholarships.

The dominant accounting firms must do a better job of challenging their clients in order to reach a satisfactory level of audit quality, the industry’s U.K. watchdog said.

The Tax Court struck down four more abusive syndicated conservation easement transactions last week, prompting the IRS to call on any taxpayer involved in such transactions who receives a settlement offer from the Service to accept it soon.

A group of five national tax authorities has been working together for the past two years on cooperating in the fight against tax crimes, with one man pleading guilty last week in Germany to fraud charges involving cryptocurrency.

Deloitte has opened a legal business services practice in the U.S., expanding a line of business it has offered abroad.

Donald Trump will get a chance next week to try new arguments against Manhattan District Attorney Cyrus Vance’s subpoena of his tax returns and other financial records after the U.S. Supreme Court rejected the president’s claim of immunity in the matter.

The controls over the pseudonym program used by Internal Revenue Service employees to protect their identities could be improved, according to a recent report.

The Senate and House passed bipartisan legislation to help nonprofits remain financially viable during the COVID-19 pandemic.

IRS criminal investigation chief announces retirement; Connecticut Society of CPAs and FEI install new boards of directors; and more CPA news.

France held firm on its plans to resume collection of a national digital tax that hits technology giants including Amazon.com Inc., Alphabet Inc.’s Google and Facebook Inc., saying it wouldn’t be swayed by threats of U.S. sanctions.

Donald Trump scored a tactical victory from the Supreme Court that will likely keep his personal financial records out of public view through the November election, but he framed Thursday’s two rulings as a loss imposed by his enemies.

The Internal Revenue Service has released final regulations on deductions for two of the international tax regimes introduced under the Tax Cuts and Jobs Act of 2017: foreign-derived intangible income (FDII) and global intangible low-taxed income (GILTI) for U.S.-based multinational corporations.

The American Institute of CPAs’ Auditing Standards Board has released a new standard for audit evidence for private companies, updating the existing standards in recognition of the increasing role that technology plays in audit procedures.

Meanwhile, the AICPA is working to come up with a uniform approach for the applications.

Manhattan District Attorney Cyrus Vance could soon get his hands on President Donald Trump’s tax returns, but that doesn’t mean the public will see them.