The top Democrat on the Senate Finance Committee wants the service to waive the penalties that he expects to hit millions of workers and families.

The Governmental Accounting Standards Board has posted a proposed implementation guide with a set of questions and answers about GASB’s new standards on accounting and financial reporting for fiduciary activities.

The Securities and Exchange Commission has imposed a civil penalty on the car rental giant for misstating pretax income.

A provision of the Tax Cuts and Jobs Act imposes a tax on excess payments and remuneration of top officials at tax-exempt organizations.

The Internal Revenue Service is offering business taxpayers some breaks related to the state and local tax deduction that was limited under the Tax Cuts and Jobs Act, but only when they make charitable contributions.

The Internal Revenue Service has issued final regulations implementing the centralized partnership regime, allowing the IRS to audit large partnerships, such as hedge funds and private equity firms, more easily.

The good news is that under the Tax Cuts and Jobs Act, QLI is superseded by QIP.

From tax reform to Wayfair, to a new direction for audit and the ongoing impact of technology, here are some of the developments that shaped the profession over the past 12 months.

The total amount of goodwill impairment recorded by U.S. public companies climbed 23 percent last year, reaching $35.1 billion.

Section 404(b) of the Sarbanes-Oxley Act of 2002, which requires public companies to undergo annual audits of the adequacy of their internal controls over financial reporting, appears to be supported by investors who want newly acquired companies to be audited as well, according to a new study.

Revenue Procedure 2019-08 applies some of the changes from the Tax Cuts and Jobs Act.

Experts suggest the lowered rates might have meant more in they'd come during a worse economy.

The measure is seen as doomed in the Senate, however.

Next year’s user conference will focus on 'the path forward for tax compliance.’

The service continues to issue a flood of guidance surround the Tax Cuts and Jobs Act.

New IRS regs on the Tax Cuts and Jobs Act throw the industry some curveballs.

S corp misconceptions; Spanish authorities go after pop singer; changes to withholding under FATCA; and other highlights from our favorite tax bloggers.

The amount of money being brought back is still higher than before the TCJA, however.

The U.K. Competition and Markets Authority's proposals should succeed in improving the quality of scrutiny while acknowledging a major conflict of interest in auditing.

A tweet from President Trump has the commission looking at easing the burden on public companies.