The Internal Revenue Service and the Treasury issued proposed regs on the Corporate Alternative Minimum Tax.

Understanding these updates is critical in guiding the tens of millions of LLCs, closely held businesses, and other small-business clients through the complexities of beneficial ownership compliance.

Tax targets; getting creative; one SALT workaround; and other highlights from our favorite tax bloggers.

The Public Company Accounting Oversight Board staff released a report Monday on last year's banking crisis.

Tax policies touted in the U.S. presidential election could have a big impact on S&P 500 earnings, according to Goldman Sachs Inc. strategists.

Find out more about the latest guidance and procedure changes out of the IRS and what they mean for the industry at large.

Revenue Procedure 2024-34 expands the waiver of the eligibility rules to accounting method changes.

Tax professionals are calling for changes to the proposal, even though they welcome clarifications they have been waiting on for decades.

The IRS has received over 800 project proposals seeking over $40 billion in credits.

The company was hit with a $24 million penalty as a result of an accounting scheme designed to inflate earnings.

The document will be available for comment on the International Financial Reporting Standards website.

Useful tips; pets and tax bills; becoming simply profitable; and other highlights from our favorite tax bloggers.

Shipbuilder Austal USA and its parent company agreed to a $24 million civil penalty to settle fraud charges by the Securities and Exchange Commission.

A look at the tax policy positions of the Republican and Democratic vice presidential nominees.

Taxpayers can now conduct all interactions digitally and the service says that it is better equipped to address tax evasion and scams.

The decision hinging on the definition of "inventory" in the sale of a highly valuable position in a U.S. partnership resolved a saga that began 16 years ago.

As the November election draws nearer, accounting and tax pros are looking at the candidates' past records to understand what changes each administration could enact.

Starboard Value LP urged Autodesk Inc.'s board to evaluate whether Chief Executive Officer Andrew Anagnost is the right person to lead the company following recent accounting issues.

The Treasury Inspector General for Tax Administration found that IRS Tax-Exempt Compliance Unit examiners spent 6.1 hours on average per case in 2023, up 281% from 2020.

Eligible taxpayers can apply between Sept. 4 to Oct. 31