The technology promises to reduce the amount of preparation time and effort for financial filings and make them more readable.

Charles Rettig, President Donald Trump’s nominee to head the IRS, omitted mention on a disclosure form that the two rental properties in Hawaii in which he has a stake are at a Trump-branded resort, according to a memo by the top Republican and Democrat on the Senate Finance Committee.

Charles Rettig, a tax lawyer who is Donald Trump’s pick to lead the IRS, told lawmakers Thursday he’d never represented a client who has been under a continuous agency audit for a decade, as is the case with the president, and that he doesn’t know any details of the review.

The House Ways and Means chairman hopes to begin circulating draft legislation this summer, but only among his Republican colleagues. He envisions tax reform 2.0 as a package of three or four bills, instead of a single piece of legislation like the Tax Cuts and Jobs Act that Congress passed last December.

President Donald Trump’s nominee to lead the Internal Revenue Service, Charles Rettig, has spent decades helping wealthy and famous people fight the agency’s efforts to collect taxes.

The IRS’s new 1040 tax form doesn’t exactly fit on a standard postcard as Republicans promised, but it’s smaller and simpler than before — and it may push more filers to use software rather than in-person tax preparers.

National Taxpayer Advocate Nina Olson released her mid-year report to Congress Wednesday, spotlighting her top areas of concern, particularly how the new tax overhaul will be implemented.

The software provider specializes in helping companies get ready for the lease accounting standard.

Organizations are emphasizing hiring of technology employees in accounting and finance.

Senate Minority Leader Charles Schumer, D-N.Y., is urging the Internal Revenue Service to back down on threats to challenge New York State’s efforts to allow taxpayers to circumvent the limits on state and local tax deductions in the federal tax overhaul.

The Tax Cuts and Jobs Act may have lots of good news for taxpayers, but it also requires answers to a number of questions.

The Tax Cuts and Jobs Act may have lots of good news for taxpayers, but it also requires answers to a number of questions.

The American Institute of CPAs is teaming up with the U.S. Small Business Administration to help CPAs and their small business clients get relief from regulatory burdens.

The Internal Revenue Service is extending incentives for solar power and other clean energy sources by as long as four years.

The Senate Finance Committee plans to hold a confirmation hearing next Thursday for the nominee for Internal Revenue Service commissioner, Charles “Chuck” Rettig, a Beverly Hills tax attorney.

Republican leaders wanted to tout the six-month anniversary of their tax cuts this week. The rest of Washington was too busy to join the fanfare.

The short form would fulfill one of the promises of last December’s tax overhaul.

Here are the major considerations to keep in mind when developing future strategies that are affected by the tax code's new provisions.

The changing revenue recognition and leasing rules are prompting various strategies to deal with them.

The Financial Accounting Standards Board hopes to improve the financial reporting for stock compensation.