IRS Commissioner Danny Werfel said he expects the 2025 filing season to build on the success of the two previous seasons if Congress maintains funding.

The proposed regulations apply to catch-up contributions under a 401(k) or similar workplace retirement plan that generally are allowed for workers who have attained age 50.

The final regulations, which the IRS issued Friday, make several changes to the proposed regulations, including a higher dollar threshold for a basis increase in transactions of interest.

As we look back on 2024, the AICPA Tax Division's Tax Executive Committee, along with its 14 committees and technical resource panels and various task forces, had over 30 tax advocacy successes.

Blackstone acquires a majority investment made less than three years ago by a fellow private-equity company, the latest in a long line of recent deals involving large accounting firms.

FASB on Monday published an Accounting Standards Update (ASU) that clarifies for non-calendar-year-end entities the interim effective date of ASU No. 2024-03, Income Statement — Reporting ...

The IRS provides an enormous return on investment for taxpayers and requires sustained funding to continue to improve, the national taxpayer advocate (NTA) said Wednesday in her annual report to ...

What's the future of fully in-office work? What's the hiring outlook for finance and accounting roles in 2025? Steve Saah, the executive director of the finance and accounting permanent placement ...