The wide-ranging Taxpayer Assistance and Service Act includes a requirement for a new IRS office to educate businesses about child care tax breaks.

The specialized enforcement unit will pursue accounting and financial reporting fraud cases, as well as general misconduct in accounting and auditing.

The IRS and the Treasury issued guidance on the permanent extension of the employer tax credit for paid family and medical leave under the OBBBA.

The Financial Accounting Standards Board decided during a board meeting to add a project on goodwill impairment testing to its technical agenda.

The Senate Finance Committee voted nearly unanimously to approve a wide-ranging bipartisan tax administration bill aimed at improving operations at the IRS.

Tax professionals can help companies with wind and solar projects after a recent court decision, as well as energy-efficient commercial building improvements.

Only days after the World Cup Final, the IRS released a revenue procedure allowing tax-exempt foreign members of FIFA to avoid filing a Form 990.

The House Ways and Means Committee held a hearing to advance legislation requiring disclosures of foreign sources of funding for tax-exempt groups and recipients.

One question deserves far more attention, particularly from accountants and auditors: Which companies will actually choose to report less?

OZ 1.0 Zone; governed AI; tax fraud cases; and other highlights from our favorite tax bloggers.

The IRS is getting hit with an overwhelming number of public comments on proposed tax regs, often generated by artificial intelligence.

Financial Accounting Standards Board chair Richard Jones is preparing for new agenda projects as well as the likelihood of a semiannual reporting option.

Taxpayers and tax pros have already dealt with many changes from the One Big Beautiful Bill Act on 2025 returns, but many provisions will be effective for the first time in 2026.

Americans using prediction markets to bet on the World Cup may face less tax burden than peers wagering through sportsbooks thanks to investment tax breaks.

Final regulations on Section 1035 insurance exchanges eliminate problems from earlier regulations that affected corporate reorganizations and death benefits.

Energy isn't simply a bill to be paid. It's a category that needs to be managed with the same discipline as any other major financial exposure.

If you have high-net-worth clients with capital gains, retire the old playbook for qualified opportunity zones. The program is now a recurring planning regime.

Financial reporting and automation solutions provider Inscope announced a new release that uses agentic AI to produce a review-ready disclosure checklist.

The IRS provided an electronic way to file a protective claim for a possible tax refund related to the COVID-19 pandemic ahead of a July 10 deadline.

Final regulations identify charitable remainder annuity trusts as "listed transactions," akin to tax shelters that need to be disclosed to avoid penalties.