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The American Institute of CPAs recommends the First Time Abatement program be expanded to cover additional types of tax and information return penalties.

The IRS is proposing to remove regulations that tried to crack down on the abusive use of basis-shifting transactions by partnerships as a way of minimizing taxes.

No matter how technology changes the landscape, the traditional playbook for career development is not replacing retiring CPAs fast enough.

Accounting Today has opened submissions for its Best Firms for Tech survey.

While no one can say what the final destination of this year's Top 100 Firms and Regional Leaders will be, they've got a head of steam up to reach top speed.

The Top 50 Firm received a minority investment from Private Equity at Goldman Sachs Alternatives, expected to close at the end of Q2 2026.

The members of the "Patriotic Millionaires," who include a Disney heiress, argue that rich residents can afford paying more into city coffers.

In the future of finance, the success of AI tools won't depend on scattered individual initiatives, but on establishing a standardized approach across teams.

The Internal Revenue Service will have extended weekday and Saturday hours this spring through April 30 despite recent closures of several TACs.

Don't rock the boat; go fly a kite; no place like home; and other highlights of recent tax cases.

Plus, RightRev launches Revi AI platform for revenue accounting automation; Rocketlane unveils Nitro AI for professional service firms; and other accounting tech news.

The pilot program for the new Trump accounts will deposit $1,000 into the accounts of children born between 2025 and 2028.

The International Accounting Standards Board is finalizing a standard to give investors a clearer picture of utilities' performance and future cash flows.

The Top 25 Firm acquired CFO Hub, expanding its reach to California and strengthening its footprint in New York, Austin, and the Washington, D.C. metro area.

The professional and business services sector lost 5,000 jobs, including 1,400 in accounting, tax preparation, bookkeeping and payroll services.

ICPAS is accepting scholarship applicants; Tanner appoints new COO; and more news from across the profession.

Prime Meridian, a tax solutions provider, officially launched today with a free tax filing solution supported by former IRS Commissioner Danny Werfel.

Attorneys general from New York, California and Oregon said a group of states is planning to file a lawsuit in the Court of International Trade over the order.

By the time they realize it's too hard to do in-house, it may be too late.