The relief allows taxpayers to use alternative methods to make adequate identification of digital asset units that are sold, disposed of, or transferred during the relief period.

The AICPA Professional Ethics Executive Committee seeks comment on a revised definition to gather input on whether the ...

The recommendations include allowing taxpayers to rely on substitute reasonable cause when appropriate, permitting them to reserve the automatic first-time abatement for future use.

The report highlights the activities of the group charged with working with FASB to improve the process of setting accounting standards for private companies.

Schellman’s investment from Goldman Sachs, a transaction expected to close in the second quarter of this year, comes after ...

The AICPA and the National Association of State Boards of Accountancy are among the group of entities reaffirming a smooth path for accounting professionals to practice across North American borders.

Proposed regulations under Sec. 530A provide information on how to open initial Trump accounts, and proposed regulations under Sec. 6434 provide guidance on the program that provides $1,000 ...

The IRS says a surge in fabricated Form 2439 filings prompted the only new addition to this year’s Dirty Dozen, underscoring how quickly tax schemes evolve.

If proposed regulations become final, the withdrawal would let taxpayers treat the January 2025 transaction-of-interest regulations as having never taken effect.

Finance decision-makers are more optimistic about the U.S. economy and their own organizations in the first quarter, according to the AICPA and CIMA Economic Outlook Survey.