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Financial executives are anticipating trouble adjusting to the lease accounting standard that the Financial Accounting Standards Board released in February, as FASB also rolls out its new credit loss standard Thursday.

The AICPA announced on Thursday the names of the approximately 90 students who completed the 2016 Accounting Scholars Leadership Workshop (ASLW) - a three-day program designed to bolster students' professional skills and better prepare them for the CPA Exam.

Publicly available data on e-filed 990s will now be available in a machine-readable format through Amazon Web Services, the IRS announced.

Sharing of information on business taxes by state tax authorities could improve business tax compliance, according to a new study.

Dan Loeb’s Third Point Reinsurance Ltd. said scrutiny of the industry’s offshore tax advantage has lessened after hedge fund manager John Paulson closed a venture that stood out as an “outlier” for its aggressive use of strategies that were criticized as abuses.

While Europe and global financial markets are consumed by the prospect of Brexit, business rolls on in Brussels.

Highlights of some of our favorite tax-related blogs from the past week.

Princeton, N.J.-based Top 100 Firm WithumSmith+Brown has struck a deal to become a NetSuite solution provider.

The Financial Accounting Standards Board issued Thursday its long awaited accounting standards update for credit losses, part of the convergence project on financial instruments that it has been working on with the International Accounting Standards Board for eight years.

Judge Jed Rakoff told attendees at the Association of Certified Fraud Examiners' Annual Global Fraud Conference in Las Vegas that prosecutors are falling short on prosecuting fraud.

Payments that a business makes are generally deductible if they are “ordinary and necessary” under Internal Revenue Service regulations unless, that is, they are specifically denied deductibility.

Kansas City accounting and consulting firm MarksNelson announced that their firm will once again see its professionals participate in their annual “Volunteer Day” this Thursday, June 16, working with eight Kansas City nonprofit organizations. More than 130 staff members will "paint, clean, sort food and do yardwork," per a firm statement.

A House committee voted Wednesday to censure Internal Revenue Service Commissioner John Koskinen over Republican claims that he obstructed an investigation into whether his agency targeted conservative groups seeking tax-exempt status.

The cost of compliance with the ever-growing Tax Code costs U.S. taxpayers a total of 8.9 billion hours and $409 billion, according to new research.

Developing trust is complicated, but trust is the ultimate competitive advantage for winning and retaining clients.

The Internal Revenue Service has released final regulations relating to the exclusion from gross income of discharge of indebtedness income of a grantor trust or an entity that is disregarded as an entity separate from its owner.

The Internal Revenue Service has issued guidance on whether payments from a qualified retirement plan during a phased retirement are considered an annuity.

The Internal Revenue Service plans to change some of its procedures for reviewing amended tax returns after a government report estimated it may have inappropriately allowed approximately $34.4 million in tax refunds and abatements.

Microsoft Corp. has enough cash to buy LinkedIn Corp. four times over. So why is it taking out a big loan to pay for its latest purchase?

A House committee plans to vote Wednesday on whether to censure Internal Revenue Service Commissioner John Koskinen over Republican claims that he obstructed an investigation into whether his agency targeted conservative groups seeking tax-exempt status.