Organization Root Tag

The Financial Accounting Standards Board’s new hedge accounting standard is prompting some companies to adopt the standard ahead of the Jan 1, 2019 effective date, though many companies are still not using hedge accounting at all.

The document reflects the reduced 24 percent withholding rate in the Tax Cuts and Jobs Act.

The Internal Revenue Service issued a notice Thursday providing interim guidance to clarify how the suspension of the personal exemption deduction in the Tax Cuts and Jobs Act will affect some of the rules under the Affordable Care Act for claiming the premium tax credit for health insurance.

Banco Santander SA became the latest addition to a long list of banks targeted by German prosecutors over controversial tax-driven transactions known as “Cum-Ex” that may have cost the German state about 10 billion euros ($11.5 billion).

The billionaire had no spouse or children to divide his empire. But there are many others with interests at stake.

Extended deadlines, exemptions from some securities laws, and relaxation of low-income housing rules aim to help those affected by the storm.

The official passed along confidential lists of which audit clients would be scrutinized.

The American Institute of CPAs' annual award is given to non-traditional accounting students pursuing CPA licensure.

Social Security bump; what accountants do; no IRS taxpayer rights training; and other highlights from our favorite tax bloggers.

The American Institute of CPAs presented testimony Tuesday during a hearing conducted by the Treasury Department and the Internal Revenue Service about the proposed regulations for implementing the qualified business income rules under the Tax Cuts and Jobs Act.

The underlying challenges are becoming more apparent in comment letters from the Securities and Exchange Commission.

The firm relied on technical reports done by an affiliate during three consecutive audits of a Canadian gold-mining company.

An all-electronic vision, security concerns, and other highlights from the latest IRS National Public Liaison meeting.

A commission report warns public companies about email dangers.

The Big Four firm will make OneStream's software available to its clients, while offering services to OneStream customers.

Sacha Romanovitch will not stand for re-election for a second term and will step down after a successor is appointed before the end of this year.

Taxpayers now have until Feb. 28 to file a number of returns and make certain payments.

Individual income taxes are the federal government’s single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.

Forty-one up-and-coming professionals graduated from the American Institute of CPAs' 10th annual training and education program in Durham, N.C.

The IMA's Jeff Thomson discusses generational issues in accounting and how they’re learning to use advanced technologies