Neither the IRS nor Congress has specifically addressed the tax deductibility of ransomware payments made to hackers, nor has FASB.

Donald Bender said that key information about asset valuations was missing from Trump Organization financials, and that he wouldn't have signed off on them had he known.

Tuesday will start off with more testimony from his former accountant Donald Bender. The next witness is expected to be Camron Harris, an audit partner with Trump's new accounting firm Whitley Penn LLP.

Eleven states have created or expanded a fully refundable child tax credit following the expiration at the end of 2021 of the federal measure, which enabled families to get as much as $3,600 per child.

The National Treasury Employees Union expressed a sense of relief after lawmakers in Congress unexpectedly managed to pass a stopgap spending bill.

The commission charged the Top 100 Firm with violating auditor independence rules on many occasions.

When inflation is high, industry professionals turn to inflation accounting strategies to increase accuracy in financial analysis and reporting.

About two-thirds of service employees would be furloughed in the event of a shutdown, which appears likely this weekend.

The Treasury Department is in the midst of writing rules for how it will distribute the measure's tax credits from hydrogen projects to low-carbon aviation fuel, but work on that guidance could grind to a halt if the government closes.

The New York judge who ruled the former president committed fraud by inflating the value of many of his assets also authorized AG Letitia James to cancel certificates for companies that hold those assets.

With droughts impacting almost all 50 states, the IRS is giving more relief.

The number of companies that have restated their financial results or disclosed accounting problems has increased significantly in recent years.

Property-tax map; zero due meaning; partners' pay differences; and other highlights from our favorite tax bloggers.

Less than a month is a small window for an auditor to complete their work.

GTT Communications self-reported that it has difficulty reconciling data from two different systems, and overreported its income as a result.

The service is developing a contingency plan that may involve cutbacks if Congress can't reach a deal.

The proposed regulations define a digital asset as any digital representation of value that is recorded on a cryptographically secure distributed ledger or any similar technology.

A taxpayer failed in his quest to use the "reasonable cause and good faith" exception to avoid an IRS fine of hundreds of thousands of dollars.

The agency's criminal investigation arm has opened probed at least 252 claims under the pandemic-era employee retention credit amounting to $2.8 billion worth of subsidies.