The expansion of the Qualified Small Business Stock program in the One Big Beautiful Bill Act makes a powerful tax-saving strategy even more enticing.

But the new rules for deductions, capital-gains exclusions and estate planning merit a lot of strategic discussions for financial advisors and entrepreneurial clients.

Forward-thinking companies are aligning accounting teams with the businesses' compensation committees.

Republicans are betting bigger tax refunds ahead of midterm elections paid for by cuts in social programs afterward will overcome early public disapproval.

The institute sent a letter to officials at the Treasury and the IRS asking for immediate guidance on a provision of the One Big Beautiful Bill Act for deducting R&D costs.

Tax experts from Top 100 Firm Bennett Thrasher share the implications of the Trump administration's new tax law on businesses.

While many companies have not stated what they might do, last month's tax legislation is helping ease some concerns while they grapple with tariff uncertainty.

The American Institute of CPAs supports a bill to allow survivors of domestic abuse or spousal abandonment to file their taxes as if they weren't married.

The One Big Beautiful Bill Act presents some complexities for wealthy families, alongside its extension and expansion of provisions in the Tax Cuts and Jobs Act.

The IRS's Notice 2025-28 will affect applicable corporations with financial statement income attributable to investments in partnerships.

The Financial Accounting Standards Board is offering optional guidance on the measurement of credit losses for accounts receivable and contract assets.

The legislation involves a 'thoughtful phaseout,' while leaving some investment opportunities, says one expert.

The Internal Revenue Service is looking to cut the case cycle times for corporate taxpayers.

The Internal Revenue Service announced indexing adjustments to the applicable dollar amount used to calculate employer shared responsibility payments under the Affordable Care Act.

The examples show how companies can improve the reporting of uncertainties in their financial statements using climate-related examples as practical illustrations.

The errors were tied to accounting for engineering scrap and engineering support labor.

House Speaker Mike Johnson is betting the upfront rewards from President Donald Trump's tax law will carry his party in the 2026 midterm elections.

House Republicans are aiming to pass provisions that were removed from President Donald Trump's "one big, beautiful bill."

It faces a potential $4.6 billion in additional taxes owed after an accounting change, although it is contesting the matter with the Internal Revenue Service.

Staffing shortfalls and intricate new policies are complicating efforts at the Treasury and IRS to meet tight deadlines for churning out guidance on the tax bill.