KPMG LLP has taken a significant step by launching KPMG Law US, marking a milestone as the first law firm owned by a Big Four firm to serve the U.S. market.

Both houses of Congress have passed budget resolutions — but they have passed very different budget resolutions.

This month, the Internal Revenue Service is predicting a rise in tax scams for 2025, and added four new eligible counties for foreign income exclusion.

The stopgap funding bill paves the way for Republican lawmakers to pivot to signature border and tax bills they seek to pass in the coming months.

The threat of a government shutdown receded Friday, but the IRS would nevertheless still operate during tax season, even at lower capacity, in the event of a shutdown.

The meeting, scheduled for Thursday at the White House, will be the first sit-down between the Senate tax panel and Trump since he took office again.

A bipartisan group has reintroduced legislation to allow immediate expensing of research and development costs, all the way back to 2022 when the tax break expired.

The Securities and Exchange Commission dramatically pulled back on accounting and auditing enforcement last year after two years in a row of increases.

The House of Representatives passed a resolution to repeal the regulations that created reporting requirements for digital asset brokers using decentralized finance systems.

Rep. Steve Cohen has reintroduced a bill that would give the IRS the authority to set and enforce standards for tax pros.

Tax cuts could help soften the tariffs' impact on the economy, and allies would ideally like to pass a bill by July — though there are plenty of hurdles.

The bill would claw back $20.2 billion in spending for the IRS passed as part of President Joe Biden's signature green-energy Inflation Reduction Act.

The Securities and Exchange Commission's new EDGAR system will go live on March 24.

The agency nixed controversial staff crypto accounting guidance, which interim chief Mark Uyeda described as overstepping the normal procedures.

Tax pros' worries about the impact of Elon Musk's Department of Government Efficiency on the Internal Revenue Service include increased fraud and filing delays.

The American Institute of CPAs is providing a framework to stablecoin issuers for presenting and disclosing information related to the tokens they issue.

Enforcement activity was more muted in the second half of the year, due to a Supreme Court decision and multiple lawsuits against the PCAOB, says a new report.

Ukraine, Iraq, Haiti and Bangladesh have been added to the Internal Revenue Service's list for tax year 2024.

President Donald Trump took the lectern Tuesday for his primetime address beset by warning signs about the U.S. economy.

Financial advisors and their clients will need to prepare for many possible outcomes by focusing on the key themes around these eight TCJA policy issues.