The IRS, which has lost about 25% of its workforce this year, is moving to fill some jobs by various means, including asking employees who accepted deferred resignations if they want to stay on the ...

Former IRS Commissioner Danny Werfel says the cuts, combined with the need to reengineer systems for the OBBBA, will make it ...

The report by the Treasury Inspector General for Tax Administration called on the IRS to include more phone lines and to ...

Researchers determine the real difference that generative AI can have on the average accountant in terms of time spent on ...

The IRS issued proposed regulations that would modify partnerships’ reporting obligations for Part IV of Form 8308 with respect to sales or exchanges of certain interests in partnerships owning ...

The August webcast explored accelerating mergers and acquisitions (M&A) in the profession, practical insights on special ...

Retirees are living longer than ever, increasing the challenge facing financial advisers charged with the responsibility of ...

The IRS Independent Office of Appeals (Appeals) issued internal guidance reminding employees that they should share a copy of the Appeals case memorandum (ACM) with taxpayers who make an informal ...

8 steps to build your firm’s quality management system on time Firms that haven’t started establishing their quality management system can get it done by the Dec. 15 deadline by following these steps.

In its letter, the AICPA said small businesses that have not filed returns for the 2024 filing period face uncertainty about how to treat domestic research and experimental expenditures.

Interim guidance issued Tuesday by the IRS on the Sec. 55 corporate alternative minimum tax (AMT) contains several changes for which the AICPA advocated. One such change in Notice 2025-28 is the ...