AICPA

A bipartisan group of 100 lawmakers in the House and Senate wrote a letter to IRS Commissioner Charles Rettig asking him to provide further relief to taxpayers who have been receiving warning notices from the IRS this tax season.

Their combined association is indefinitely suspending services in Russia and Belarus in response to the war in Ukraine.

Businesses and executives are increasingly realizing there’s a whole new level of complexity lying just beneath crypto’s binary-coded surface, mainly how to account for it, how the accounting standards apply, and what it all means for the accounting team.

Accountants and procurement experts are being urged to team up to deal with the supply chain shortages plaguing the world economy during the pandemic.

The annual program provides up to $10,000 and a paid internship to 10 diverse accounting students pursuing CPA licensure.

The companies will be part of the 2022 cohort of the program, which provides resources for early-stage companies in the accounting and finance tech field.

The National Association of State Boards of Accountancy and the American Institute of CPAs updated candidates on what to expect when preparing for CPA licensure past Dec. 31, 2023.

The Internal Revenue Service had a backlog of over 17 million unprocessed tax returns from last year as of early February as the agency copes with an unprecedented workload during the current tax season.

A group led by Sen. Mike Crapo is asking the IRS to do all it can to help taxpayers this tax season.

After coming under pressure from an array of tax and accounting professional associations and hundreds of members of Congress, the Internal Revenue Service said Thursday it would suspend issuance of some of its automated penalty notices to taxpayers, but tax and accounting groups say the agency isn’t providing enough relief.