The Financial Accounting Standards Board released an accounting standards update to improve its codification of standards on different topics.

The rebellion comes after Johnson blocked swing-district Republicans from having a floor vote this week on their plan for the premium tax credits.

Speaker Mike Johnson will block a push by moderate House Republicans for a vote on renewing expiring Obamacare subsidies.

With no guidance available, tax practitioners and their clients have to figure out how much risk they want to take.

Wealthy taxpayers in high-tax states like California, New York and New Jersey are the biggest winners, as are workers who collect tips or overtime, and seniors.

The House Ways and Means Committee passed three bills aimed at bolstering taxpayer rights.

The International Sustainability Standards Board issued amendments to greenhouse gas emissions disclosure requirements in IFRS S2 Climate-related Disclosures

Republicans already hit hospital finances in their massive tax and spending package this summer that included cuts to Medicaid.

The agency is also looking for feedback on the guidance by next March.

Extension battle goes on; flipping out; correcting clients' misinformation; and other highlights from our favorite tax bloggers.

The Securities and Exchange Commission is planning to encourage greater cooperation between U.S. and international standard-setters.

The accounting standards update aims to improve the navigability of interim reporting disclosures while clarifying when that guidance should be applicable.

The Financial Accounting Standards Board issued an accounting standards update with guidance on accounting for government grants to business entities.

The new accounting model would reflect how financial institutions manage interest rate risks in their portfolios.

Identity theft, fictitious applicants and other forms of fraud continue with the advance premium tax credit for buying health insurance.

The House approved two pieces of legislation to keep IRS agents from levying fines and penalties without supervisory approval, and to strengthen taxpayer rights in proceedings before the Tax Court.

The initiative from the president's tax law has drawn support from corporate and financial leaders.

A tweak to the deductibility of gambling losses may not bring in a lot of tax revenue, but it could certainly alter a lot of wagers next year.

How can tax leaders "open the lid" enough to deliver the right transparency and accountability, without unleashing unmanaged data flows and compliance risk?

The American Institute of CPAs has sent a letter to the Multistate Tax Commission recommending changes in a proposed approach to sourcing of partnership income.