AICPA

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.

The American Institute of CPAs has updated its practice aid for accounting and auditing of digital assets, with added material on cryptocurrency.

The letters that the Internal Revenue Service has been sending to taxpayers about the amounts they received on advance payments of the Child Tax Credit may have outdated information.

The groups want the service to reduce unnecessary burdens on taxpayers and tax preparers.

Illinois CPA Society posts latest in Black CPA Centennial video series and announces Mary T. Washington Wylie Internship scholars; AICPA bestows 2021 CPA Evolution Resource Competition Awards; and more CPA news.

Accounting educators were honored for their educational resources based on the new CPA Evolution accounting curriculum developed by the AICPA and NASBA.

Barry Melancon is warning that the backlog at the service threatens to make this tax season a difficult one for tax professionals and their clients.

Armanino hosts its annual Great Give day of service; Deloitte and the NJCPA release surveys; and more CPA news.

Alan Sobel, managing member of SobelCo and president of the of the New Jersey Society of CPAs, received the annual award for bringing the Pass-Through Business Alternative Tax Act to his home state.

The institute is seeking applicants for a wide range of student scholarships, aimed at supporting future professionals and strengthening the CPA pipeline.

The Internal Revenue Service is asking more charities and tax-exempt organizations to file their information returns electronically as required by the Taxpayer First Act of 2019, but its aging systems are experiencing delays that are frustrating tax professionals.

The cloud-based financing system for accounting firms has grown to include a business term loan option for firms’ small business clients.

The AICPA president and CEO highlighted a host of major changes facing accounting in a keynote at this week’s Digital CPA conference.

Inflation worries and the labor shortage are dragging down optimism in the U.S. economy, according to a survey by the American Institute of CPAs.

The most influential people in the field, as chosen by their peers.

The program will offer students and professionals a more attainable pathway to earn the Chartered Global Management Accountant designation.

Should educators and students be concerned about these changes?

The American Institute of CPAs and its technology arm, CPA.com, extended the .cpa web domain across the border to Canada, allowing CPAs and CPA firms in Canada to apply for .cpa web addresses to strengthen their brand.

The American Institute of CPAs sent a letter to Congress’s tax-writing committees asking lawmakers to reconsider the rules around the corporate minimum tax rate that’s currently part of the reconciliation bill now under consideration.

The American Institute of CPAs announced the 30 most recent graduates of its annual Leadership Academy workshop.