Staff have begun working through the backlog of correspondence and messages, and are expected to begin reaching out to tax pros and taxpayers soon.

The One Big Beautiful Bill Act offers a striking example of how policy design can favor businesses over individual taxpayers, particularly young professionals.

The IRS and the Treasury released interim guidance giving new tax benefits to banks that provide loans secured by rural or agricultural real property.

The 2016 standard on leases met its objective of providing investors with useful information, but the costs of implementing and maintaining it were high.

The president's comments come as Senate Republicans prepare to hold a vote on extending the tax credits, which are slated to expire at the end of this year.

The company has struggled to meet SEC deadlines amid souring investments, flaws in its financial reporting and an ongoing investigation.

The International Accounting Standards Board discussed adding new projects to its agenda, along with ongoing work on the equity method and intangible assets.

An accounting error forced the British retailer to cut its profit outlook in North America for a second time, prompting Carl Cowling's departure.

Senator Todd Young is urging the IRS to reconsider guidelines on the tax treatment of rewards crypto owners collect for locking assets on a blockchain network.

Economic pessimism is on the wane among audit partners, though they're not feeling as confident as last year, according to a CAQ survey.

A group of former Internal Revenue Service leaders discussed the state of the IRS at an AICPA tax conference after a wave of departures and layoffs.

The Internal Revenue Service announced the rates for the start of next year, which will stay the same as this quarter.

The longest government shutdown in U.S. history has ended, but it could take days — and in some cases a week or more — before normal operations and paychecks resume.

Mike Lyons blamed a raft of operational shortcomings for the earnings disappointment that triggered a record rout in the payments giant's stock last month.

The Internal Revenue Service increased the annual retirement plan contribution limits for 2026 thanks to cost-of-living adjustments for inflation.

The Financial Accounting Standards Board aims to improve the accounting for purchased loans as it confronts a potential threat from House Republicans.

Handling tough clients; not all revenue is created equal; military returns; and other highlights from our favorite tax bloggers.

The Internal Revenue Service has provided a safe harbor for certain trusts enabling them to stake their digital assets without jeopardizing their tax status.

The industry asked for and received a delay in the rule from the IRS in 2023. Now that it's going into effect, here are the key implications for sponsors and savers.

As the Senate advances a possible end to the 40-day government shutdown, the IRS is adjusting its plans amid a wave of layoffs and program closings.