Accounting, tax, auditing news

Final regs. issued for Sec. 3406 backup withholding rules

Final IRS regulations reflect changes made by the OBBBA to rules governing backup withholding on third-party network transactions under Sec. 3406.

4 Social Security rules that surprise clients — and some advisers

IRS updates overtime deduction FAQs, adds reporting details

PEEC to continue discussions on alternative practice structures

IRS adds notices, payment features to business tax accounts

IRS guidance addresses expanded paid family and medical leave credit

FASAB provides new guidance on public-private partnerships disclosures