The "targeted improvements" to the FASB Accounting Standards Codification are a part of an evergreen project focused on making incremental changes to GAAP. Public comments on the ASU, published ...
The AICPA’s vice president–Tax Policy & Advocacy said President Donald Trump’s executive order to freeze hiring at the IRS should not affect seasonal employees, who likely are already hired and ...
New pilot programs will test changes to existing alternative dispute resolution (ADR) programs, including fast-track settlements (FTS), the IRS said Wednesday in Announcement 2025-6.
IRS Commissioner Danny Werfel announced Friday that he would resign. Werfel, appointed to the role in early 2023, had two years left on his term. He said in a message to employees: "After significant ...
The SEC's Office of the Chief Accountant (OCA) is accepting applications for Professional Accounting Fellow positions that will begin in the summer of 2025. OCA is seeking candidates who want to ...
The IRS issued final regulations (T.D. 10030) on Tuesday that address resolution of federal tax controversies by the Independent Office of Appeals. The regulations include 24 exceptions to ...
Finance leaders at larger companies are beginning the new year with renewed optimism. Almost three-fourths of CFOs think the economy will improve over the next year, according to Deloitte's fourth ...
The IRS issued proposed regulations (REG-118988-22) providing guidance on Sec. 162(m)(3)(C), added by the American Rescue Plan Act of 2021 (ARPA), P.L. 117-2, that expands the Sec. 162(m) annual ...
The IRS said it used feedback from tax advisers to write the proposed regulations, which include new multiyear tax reporting requirements.
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