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Some House lawmakers raised doubts about the terms of the deal and whether differences could be resolved in the next few days.

The Senate Republican leader ridiculed a tax plan targeting the unrealized capital gains of the ultra wealthy as a “harebrained scheme.”

President Biden will likely be unable to keep one of his key campaign promises because of unyielding resistance among even some in his own party to raise taxes.

A failure to use tax data may represent a major missed opportunity, however.

The Internal Revenue Service’s Taxpayer Advocate Service helped thousands of taxpayers last year with economic impact payments under the CARES Act, but it took months to start addressing them, often with the wrong cases.

KPMG U.S. chair and CEO Paul Knopp outlined a wide range of upgrades to employee benefits in a LinkedIn post.

The majority of private companies have yet to implement the new lease accounting standard entirely, even though the effective date is fast approaching.

The accounting standards update would help nonpublic companies that provide equity-classified share-based awards to executives.

The state society will award multiple $1,500 scholarships to diverse, college-bound accounting students.

Many of our clients pay us for the deliverables they must have, but they retain us because of the unspecified extras we give to them.

Hikes in the top tax rates are off the table, although a “billionaire’s tax” on unrealized capital gains is under discussion.

There is increased momentum for an income tax on $1 billion or more in annual income, or three consecutive years of $100 million or more in income.

The Internal Revenue Service issued guidance to assist employers who are rehiring retirees or retaining employees past retirement age as a way to find qualified workers in a tight labor market.

The Top 100 Firm highlighted nonprofits across Arizona, Colorado, Minnesota, Nevada and North Dakota for their creativity and “sustainable revenue ideas.”

The International Ethics Standards Board for Accountants has released its 2021 Edition of the Handbook of the International Code of Ethics for Professional Accountants, including International Independence Standards.

The Institute of Management Accountants is accepting entries for its 2022 Student Case Competition and its annual Carl Menconi Ethics Case Writing Competition.

The NCAA began allowing university athletes to earn money from their name, image and likeness this summer, and now they could find themselves owing taxes for the first time in their lives.

Here are some tips for accounting firms to advise their clients and internal teams to invest in employee wellness.