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The IRS is getting hit with an overwhelming number of public comments on proposed tax regs, often generated by artificial intelligence.

The traditional tax department model, flawed to begin with, no longer fits how businesses operate and is insufficient to meet today's regulatory requirements.

CFO John Sams will become CEO as the Australian arm of the global audit and consulting giant attempts to steer through a scandal that has rocked the firm.

The Top 100 Firm acquired Franklin, Massachusetts-based Pavento, Ratcliffe, Renzi & Co., expanding its presence in the state and New England.

The Public Company Accounting Oversight Board voted to request public comment on the goals and objectives for its 2026-2030 strategic plan.

Here are seven key areas — with checklists — you want to get right from day one

Deutsche Bank AG is preparing to sell about $3 billion in debt markets for accounting services firm Baker Tilly Advisory Group to refinance private credit loans.

A dispute the singer sought to turn into a public indictment of inspectors' practices is set to be thrust back into the limelight.

A windfall in corporate profits for the largest banks has led to billions in extra tax revenue for New York City, shrinking the city's budget shortfalls.

Shakira's fight with Spain's tax agency is set to head to the country's highest court after authorities challenged an earlier ruling in the singer's case.

The former IRS contractor pleaded guilty to stealing Trump's tax data and leaking it to the New York Times before the 2020 election.

Basis, an AI agent platform for accountants that reached a $1.15 billion valuation, debuted a website that provides a tribute to the accounting profession.

Clients with concentrated stock holdings might be better off turning their portfolios into ETFs in a tax deferral transaction called a Section 351 conversion.

The Council of the District of Columbia unanimously advanced Bill 26-494, which now awaits the review of the D.C. mayor and Congress.

Blue J offers accounting professors free access; Canopy touts full tax automation with no handoffs; 4impactdata's 4ID Foresight surfaces risks and opportunities for firms; and other accounting tech news and updates.

Plus, Sorren launches a human capital advisory services practice; Warren Averett named three local partners in charge of growth; and other firm and personnel news.

AI essentially shines a light on the structural disparities that have long existed within accounting firms.

Back-to-school haircuts; two revenue books; voluntary surrender; and other highlights of recent tax cases.

Financial Accounting Standards Board chair Richard Jones is preparing for new agenda projects as well as the likelihood of a semiannual reporting option.

The Internal Revenue Service has raised the optional 2026 standard mileage rates for deducting expenses for the remainder of the year thanks to inflation.