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Senate Minority Leader Charles Schumer, D-N.Y., is urging the Internal Revenue Service to back down on threats to challenge New York State’s efforts to allow taxpayers to circumvent the limits on state and local tax deductions in the federal tax overhaul.

The withheld information would have “materially impacted” the assessments had it been made available to the auditor, KPMG said in a letter to the fund.

The American Institute of CPAs is teaming up with the U.S. Small Business Administration to help CPAs and their small business clients get relief from regulatory burdens.

The Internal Revenue Service is extending incentives for solar power and other clean energy sources by as long as four years.

The Senate Finance Committee plans to hold a confirmation hearing next Thursday for the nominee for Internal Revenue Service commissioner, Charles “Chuck” Rettig, a Beverly Hills tax attorney.

The Governmental Accounting Standards Board has issued guidance outlining the accounting requirements for interest costs incurred before the end of a construction period.

The SCOTUS' decision Thursday overturned two major previous cases, Quill and National Bellas Hess.

The Institute of Management Accountants handed out a series of awards during its annual conference this week in Indianapolis.

Jody Padar recaps her trip to AICPA Engage 2018 and the thought leaders she got to interview.

Bookkeeping and accounting firms will have a chance to share in cash prizes and win a trip to QuickBooks Connect in San Jose.

But in a stroke, the Supreme Court also erased the decades-old physical presence test.

The service offers some do’s and don’ts for taxpayers who get a frightening envelope.

A group of CPAs has written an open letter to the American Institute of CPAs expressing opposition to the AICPA’s move to open up its Accredited in Business Valuation credential to non-CPAs.

Wolters Kluwer Tax & Accounting is leveraging Microsoft’s Cortana voice assistant to add voice-enabled search to its CCH AnswerConnect tax research product.

The new guidance provides a stronger framework for deciding whether a contribution is conditional or unconditional.

Does your organization have an implementation plan and adequate system in place that will meet the new requirements?

Avalara Inc. wasn’t a party in today’s U.S. Supreme Court decision that let states collect sales tax from online retailers, but it still looks like the case’s big winner.

A U.S. Supreme Court ruling Thursday will allow states and local governments to pursue sales taxes on more online transactions. The big question for Amazon.com Inc. is how states will collect it.

Chalk up another victory for brick-and-mortar retailers.

The short form would fulfill one of the promises of last December’s tax overhaul.