The move comes after ADM adjusted years of financial results due to errors in the way it reported transactions between business units.

Republican leaders say they are closer to a plan to extend the 2017 tax cuts and increase the debt ceiling.

Taxpayers that suffer a smaller loss might not have the sophistication to know that they could be entitled to take a theft loss deduction, warns one expert.

The institute is asking the Treasury and the Internal Revenue Service for greater clarity in their proposed regulations for the SECURE 2.0 Act of 2022.

House and Senate Republicans are battling over the size of spending cuts to be paired with a giant tax cut coming later this year.

Congressional Republicans returning to Washington on Monday will tackle their toughest test yet, negotiating a massive tax bill package.

After accounting issues arose at Autodesk, Starboard has pressured the board to reevaluate the performance of CEO Andrew Anagnost.

While Congress and the Trump administration seem to want major tax legislation this year, it looks like it is going to be a very difficult process.

President Trump's nominee to lead the commission has yet to be confirmed, but the sweeping changes from his temporary stand-in are starting to pile up.

Compliance professionals working to prevent financial crimes are losing their faith in AI to solve more problems than it causes.

The American Institute of CPAs submitted a set of legislative priorities in a letter to congressional leaders, suggesting possible changes to the tax rules.

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.