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For wealthy and ultrahigh net worth clients, the advantages often prove very attractive. But the policies carry some sophisticated planning challenges and a high cost.

At the same time, the Internal Revenue Service is planning to close over 100 in-person Taxpayer Assistance Centers.

Big Four firm KPMG elected Tim Walsh as its next U.S. chair and CEO, and Atif Zaim as its next U.S. deputy chair, effective July 1.

The Treasury announced it would no longer enforce the Corporate Transparency Act, nor enforce any penalties or fines associated with beneficial ownership reporting.

What happens when a client has a misconception about the value of their business and hopes to sell it?

Wolters Kluwer announced new capacities for populating and filing IRS Form 5330 in its ftwilliams.com product.

Among 18F's many projects over the years was IRS Direct File, a free service that helps taxpayers file tax returns online.

President Trump's proposals to expand breaks to end taxes on tips, overtime and Social Security, once considered wishful thinking, are gaining momentum despite the costs.

Neil Fishman of the National Conference of CPA Practitioners dives into how developments in Washington will impact tax season.

During its Intapp Amplify event, Intapp announced new artificial intelligence-driven improvements to Intapp's Time, Walls and Assist products.

A small Pennsylvania auditor picked up a big tranche of engagements from another auditor that exited the field.

The usual March 1 deadline for farmers and fishers has been pushed to March 3, or further, for those impacted by natural disasters.

The Big Four firm's audit projects are not impacted, sources say.

Eide Bailly names chief people officer; KSM launches information technology services; and more news from across the profession.

Plus, KSM launches IT services advisory; Expensify announces Expensify Travel; and other accounting tech news and updates.

KPMG Law U.S., based in Arizona, will deliver legal services powered by artificial intelligence and KPMG Digital Gateway.

The window for participating in Accounting Today and Best Companies Group's annual ranking is currently open.

A primer on what diversity, equity & inclusion mean in the profession — and what they don't.

It's time for the profession to rediscover its capacity for creative problem-solving and innovation.

The Top 10 Firm is acquiring Hayflich CPAs.