The web-based tool employs machine learning technology to estimate an incremental borrowing rate curve for the leasing standard.

The Financial Accounting Foundation’s board of trustees has appointed Susan M. Cosper, technical director of the Financial Accounting Standards Board, as a member of the FASB board.

The Tax Cuts and Jobs Act is an opportunity for tax automation companies to provide ways to simplify taxes for companies struggling to keep up.

There’s plenty of enthusiasm for new U.S. tax breaks for investing in low-income communities designated as opportunity zones. But many people have delayed spending because of uncertainty about how the incentives will work.

The proposed regulations offer further details about a provision of the Tax Cuts and Jobs Act aimed at spurring real estate investment in needy communities.

Companies report fluctuations in revenue and expenses over time in a way that makes the earnings growth look steady across quarters.

There were fewer total settlements in 2018, but the dollar figures involved increased more than fivefold.

Some of the largest U.S. technology companies pushed for a corporate tax overhaul in 2017 by suggesting they would go on hiring sprees and boost the economy. Just over a year after getting what they wanted, data show these firms gave most of their huge tax savings to investors.

The president promoted the tax overhaul on Tax Day, even as the law has swelled the deficit and failed to gain traction with voters in last year’s midterm elections.

House Oversight and Reform Committee Chairman Elijah Cummings said he’ll subpoena documents on Monday from an accounting firm tied to President Donald Trump.

The Minnesota senator who is seeking the 2020 presidential nomination has already released 12 years of returns dating back to 2006.

Surveys show just one-fifth of taxpayers believe their taxes have gone down.

Low-income and minority taxpayers were more likely to use extra-fee tax preparation offerings like refund advances and refund transfers, according to a new report Friday from the Government Accountability Office, and tax preparers often didn’t present them with information about the fees ahead of time.

The financial institution expects to increase reserves by about $5 billion for implementation of the current expected credit loss standard.

Sen. Ron Wyden, D-Ore., and Ben Cardin, D-Md., introduced legislation Thursday to require minimum standards for paid tax preparers and rescind Preparer Tax Identification Numbers of incompetent and fraudulent practitioners.

The revenue procedure gives teams a safe harbor when doing trades of their athletes, staff contracts or draft picks.

The Democratic presidential candidate rolled out a proposal to levy a 7 percent tax to raise an estimated $1 trillion from the wealthiest businesses.

A bipartisan group of senators introduced legislation that would extend a lucrative tax break that could benefit Tesla and GM.

Approximately 40 percent of private companies are behind schedule on the new leases standard or haven’t started getting ready yet.

The House passed bipartisan legislation Tuesday to overhaul some key aspects of the way the Internal Revenue Service operates, including the appeals process.