The Internal Revenue Service has released a revenue procedure providing two safe harbors for corporate acquisitions.

Gilead Sciences Inc.’s profit margin has soared and its tax rate has plummeted since the drugmaker introduced its controversial $1,000-a-day medication for hepatitis C, according to a report by an advocacy group that accuses the company of using accounting gimmicks to stash billions in earnings in tax havens offshore.

The standard GAAP accounting measures are less and less useful to investors, according to a new book with the provocative title, “The End of Accounting.”

The U.S. Treasury Department exceeded its authority by proposing wide-ranging regulations intended to curb corporations’ ability to shift their American earnings overseas, tax lawyers told agency officials during a hearing.

The Cadillac tax is a 40 percent excise tax on “high cost” health plans set in place by the Affordable Care Act. However, despite the familiarity tax professionals have with its name, the details surrounding the Cadillac tax can be complicated and confusing.

The Securities and Exchange Commission voted Wednesday to get rid of redundant and outmoded disclosures in response to recent changes in U.S. and international accounting standards and technology.

Most tax practitioners occasionally find themselves in the position of having to deal with clients who have received penalties for late filing of tax returns or late payment of income taxes.

The Institute of Management Accountants has released an exposure draft of a proposed Management Accounting Competency Framework in an effort to fill the skills gap for accountants who choose careers in private industry.

U.S. Treasury Secretary Jacob J. Lew is set to meet with European Union antitrust chief Margrethe Vestager this week as she prepares to deliver a final verdict on a probe into Apple Inc.’s tax affairs in Ireland.

The Internal Revenue Service has released a new revenue procedure and regulations outlining how organizations can notify the IRS they are operating as tax-exempt social welfare groups under Section 501(c)4 of the Tax Code.

All across America, hard-working people receive their personal income tax returns and wonder why they still owe money at tax time.

The Treasury Department and the Internal Revenue Service have finalized a rule requiring U.S. parent companies of large multinational public and private companies to provide financial data to the IRS on a country-by-country basis.

An encore: Using truth to untangle the Gordian Knot of pension accounting

U.S. corporations overstated their net income more than $164 billion last year by publicizing non-GAAP measures, according to a new report.

The Securities and Exchange Commission voted Monday to propose amendments that would expand the threshold for businesses to qualify as a “smaller reporting company.”

The Internal Revenue Service needs to expand its use of data and develop a comprehensive strategy to address noncompliance by taxpayers claiming refundable tax credits such as the Earned Income Tax Credit, according to a new report.

Some tips that may help you excel at Excel

House Speaker Paul Ryan unveiled a long-awaited proposal to repeal Obamacare and replace it by providing tax credits to help people buy insurance, letting them purchase coverage across state lines, and providing $25 billion for state-run high-risk pools to aid people priced out of coverage.

Enabling your startup clients to set up a successful accounting function involves both an understanding of their needs and the ability to tailor relevant solutions to meet those needs.

Along with establishing a good work ethic and building time and financial management skills, a summer job also means learning about the obligatory duty of paying taxes. Here are some tips for tax clients from Abigail Schaffer, a staff accountant at Kessler Orlean Silver & Co.