Proposed regulations would allow partnerships and S corporations to exceed the $10,000 limit on state and local tax deductions imposed by the Tax Cuts and Jobs Act.

Two key U.S. Supreme Court justices indicated they are inclined to uphold the bulk of the Affordable Care Act as the court weighed the fate of a landmark law that provides health-insurance to 20 million people.

It’s not too early to start planning how to make your firm better next year.

Practitioners share how they handled charging for stimulus services, and interacting with clients.

Democrats’ failure to secure a Senate majority in last week’s election has heightened the importance of Tuesday’s Supreme Court showdown over the Affordable Care Act.

The board is postponing the effective date of its long-duration insurance standard for a year and making it easier to adopt it early.

The NJCPA is calling on state lawmakers and regulators to allow cannabis merchants to deduct business expenses.

Having started his transition at the beginning of the pandemic, Board Chair Richard Jones now faces the uncertainty of the presidential election and what Congress might do with accounting standards.

Regardless of who wins the White House, the scope for tax legislation in the near term will be limited.

PPP questions; differentiating data; partner preparation; and other highlights from our favorite tax bloggers.

The Division of Enforcement's annual report also highlights non-pandemic-related issues that arose in fiscal year 2020 and strategic operational changes.

The coronavirus slowdown has hit the IRS and tax professionals,

The commission has been busy helping public companies report the impact of COVID-19.

The outcome of Tuesday’s election could be profound tax changes, but that’s only if one party wins control of both houses of Congress and the White House.

The Internal Revenue Service has posted instructions for both employers and employees about how to handle the Form W-2 reporting for the payroll tax deferral under President Trump’s executive action.

For a few months this year, a U.S. government aid program meant for struggling small-business owners was handing out $10,000 to just about anyone who asked. All it took was a five-minute online application. You just had to say you owned a business with at least 10 employees, and the grant usually arrived within a few days.

The update addresses the Reference Rate Reform ASU issued by the Financial Accounting Standards Board in March.

The Financial Accounting Standards Board has released a staff educational paper offering an overview of the accounting guidance for debt restructurings and modifications.

As the country looks to make its choice between two decidedly different candidates, tax preparers are watching the race play itself out from a unique vantage point.

The top Democrat and Republican on the tax-writing House Ways and Means Committee introduced bipartisan legislation to encourage more Americans to save for retirement.