The Internal Revenue Service has issued a notice advising taxpayers that the Treasury Department and the IRS intend to propose regulations providing that health insurance issuers must report coverage in catastrophic health insurance plans.

Between legislative changes and proposed rules and guidance issued by government agencies at the federal, state, and local levels, business owners have a lot of red tape to navigate and understand.

The Internal Revenue Service says employers can now do a trial run of their electronic form filing for reporting requirements under the Affordable Care Act, giving nervous employers and their benefit advisers a way to test for readiness in advance of the reporting deadlines.

The Institute of Internal Auditors has sent a letter to the Securities and Exchange Commission calling on the SEC to require internal audit functions for all publicly traded companies.

The Securities and Exchange Commission will be poring over the comments it received on its recent proposal to toughen audit committee disclosures after the comment deadline expired Tuesday.

BDO USA has agreed to pay $2.1 million to settle charges from the Securities and Exchange Commission that the firm dismissed a number of red flags and issued false and misleading unqualified audit opinions about the financial statements of a staffing services company, General Employment Enterprises.

Proposed regulations released by the Treasury Department in January provide guidance on the definition of internal use software for the R&D tax credit.

The Internal Revenue Service did not finish testing a centralized data repository of health insurance coverage with federal and state exchanges in time for last tax season, according to a new government report.

Much of an accountant’s work is done at the client’s premises. However, whenever we are there, it is an intrusion on their routine. We need to remember we are guests and should remain “out of sight.” Well, let me tell you what happened early on in my career.

The IRS relieved small business taxpayers earlier this year from having to file mandatory Form 3115’s to comply with the newly issued tangible property regulations. Accepting this relief under Rev. Proc. 2015-20 is done merely by filing a federal tax return, leaving many accountants and tax professionals unaware of the negative consequences of doing nothing.

Americans for Tax Fairness, a coalition of 453 national and state organizations advocating for tax reform, has challenged the B Corporation status of Brooklyn-based Etsy, Inc., following the online craft seller’s restructuring of a subsidiary in Ireland, a tax haven, to dodge U.S. taxes.

The Public Company Accounting Oversight Board has published a staff inspection brief detailing the objectives, focus, and scope of its ongoing inspections in 2015 of auditors of brokers and dealers.

The Internal Revenue Service’s processing of tax returns that reported or claimed Premium Tax Credits during the 2015 filing season was challenged by delays in receiving data from some health insurance marketplaces and exchanges, and overpayments of Advance Premium Tax Credits, according to a new government report.

The Internal Revenue Service has proposed regulations changing the amount of the penalties for failing to include information required to be disclosed about reportable transactions.

The chairmen of Congress’s two main tax committees, House Ways and Means Committee chairman Paul Ryan, R-Wis., and Senate Finance Committee chairman Orrin Hatch, R-Utah, have written to Treasury Secretary Jacob Lew saying he should hold off on developing country-by-country reporting regulations for taxation of multinational corporations.

Paychex has released a list of what it sees as the top regulatory issues of this summer.

Last year, the percentage of non-audit fees dropped below 10 percent of the total fees paid to audit firms for the first time since Sarbanes-Oxley, according to a new report.

The budget deficit this year is estimated to be $426 billion, $60 billion less than projected in March, according to new estimates from the Congressional Budget Office, thanks to stronger tax revenues.

Twenty-six percent of employers offering health benefits could be subject to the Affordable Care Act’s tax on high-cost health plans, also known as the “Cadillac plan” tax, in 2018 unless they make changes to their plans, according to a new analysis.

The Internal Revenue Service is sending letters to taxpayers who received advance payments of the premium tax credit in 2014, but who have not yet filed their tax returns.