The legislation involves a 'thoughtful phaseout,' while leaving some investment opportunities, says one expert.

The Internal Revenue Service is looking to cut the case cycle times for corporate taxpayers.

The Internal Revenue Service announced indexing adjustments to the applicable dollar amount used to calculate employer shared responsibility payments under the Affordable Care Act.

The examples show how companies can improve the reporting of uncertainties in their financial statements using climate-related examples as practical illustrations.

The errors were tied to accounting for engineering scrap and engineering support labor.

House Speaker Mike Johnson is betting the upfront rewards from President Donald Trump's tax law will carry his party in the 2026 midterm elections.

House Republicans are aiming to pass provisions that were removed from President Donald Trump's "one big, beautiful bill."

It faces a potential $4.6 billion in additional taxes owed after an accounting change, although it is contesting the matter with the Internal Revenue Service.

Staffing shortfalls and intricate new policies are complicating efforts at the Treasury and IRS to meet tight deadlines for churning out guidance on the tax bill.

President Donald Trump's recently enacted tax and spending law will add $3.4 trillion to U.S. deficits over a decade and leave millions without health care coverage, according to a new estimate from the nonpartisan Congressional Budget Office.