Tax, accounting, auditing news - Journal of Accountancy

May 5, 2026

AICPA urges use of its stablecoin criteria in GENIUS Act rulemaking

A comment letter to the office responsible for establishing final rules for the Guiding and Establishing National Innovation for U.S. Stablecoins Act makes the case for leveraging the AICPA’s established framework.

May 4, 2026

Workplace stress reaching a breaking point? How employers can respond

Fifty-two percent of employees in a recent survey self-medicated at work in the previous year, and nearly as many (51%) cried on the job in the previous month. During Mental Health Awareness Month, what can organizations do to ease the pain?

May 4, 2026

COVID-19 disaster relief case has implications for timely refund claims

National Taxpayer Advocate Erin Collins explained what affected taxpayers need to do in response to the Court of Federal Claims’ holding that a taxpayer’s refund claim filing deadline was automatically extended by Sec. 7508A(d)(1) due to the COVID-19 disaster declaration.

April 28, 2026

IRS offers extension option for taxpayers facing ERC claim deadlines

Taxpayers meeting eligibility rules can now use Form 907 to preserve their right to challenge ERC disallowances while the IRS continues its review.

April 28, 2026

CPA tips for building an emergency fund when savings fall short

Most Americans don’t have adequate emergency savings, according to a survey conducted for National Financial Literacy Month. The AICPA offers four tips from CPAs to help remedy the shortfall.

April 27, 2026

House panel backs repeal of BOI reporting by domestic companies

The House Financial Services Committee voted to remove domestic-owned companies from the beneficial ownership information reporting requirements of the Corporate Transparency Act.

April 27, 2026

FASB publishes guidance on paid-in-kind dividends

FASB published an Accounting Standards Update that provides authoritative guidance on how an issuer should initially measure paid-in-kind dividends on equity-classified preferred stock.

April 24, 2026

Facing cost pressures, CFOs turn to AI and automation

Cost management topped CFOs’ list of internal risks in a recent Deloitte survey, and respondents cited automation and technology upgrades as the most proven way to control costs.

April 24, 2026

IRS to update Form 990 amid transparency push for nonprofits

A Treasury release said the changes are intended to “strengthen tax administration” and provide clearer reporting on the activities of tax-exempt organizations. No timeline was announced.

April 23, 2026

US, South Africa renew mobility agreement

Professional accounting bodies in the United States and South Africa signed a renewed mutual recognition agreement to support cross-border practice between the countries.

April 23, 2026

AI and governance issues: 3 keys to bridging a costly gap

Recent survey results suggest that poor governance is more costly to artificial intelligence ROI than issues related to workforce and data readiness. What can companies do to get their house in order?

April 20, 2026

AICPA comments on assurance standards for California climate law

In a comment letter to the California Air Resources Board, the AICPA and California Society of CPAs call for increased minimum assurance requirements related to greenhouse gas data that must be reported later this year.

April 17, 2026

IRS launches online tool to help taxpayers manage tax debt

Taxpayers can explore payment plans, collection delays, or compromise offers through a streamlined, privacy protected tool.

April 17, 2026

AICPA ENGAGE networking tips: How to make meaningful connections

An ENGAGE speaker shares keys to coming home from the June conference in Las Vegas with more than CPE.

April 16, 2026

GASB seeks feedback on idea of changing how it communicates GAAP

Based on stakeholder input, requested by the end of August, GASB may consider simplifying the structure it uses to communicate GAAP for state and local governments.

April 15, 2026

Experts answer burning questions about personal financial security

The AICPA and Finseca answer questions about retirement, taxes, and long-term wealth strategies as a part of National Financial Literacy Month.

April 15, 2026

IRS flagged FATCA noncompliance but followed up with few exams, penalties

TIGTA found the IRS spent hundreds of millions on FATCA oversight while examining only a handful of high-value foreign account cases.

April 13, 2026

Uncredentialed tax preparer errors included fictitious deductions, review shows

A report from the Center for Taxpayer Rights comes as Congress considers giving the IRS more oversight of the industry.

April 13, 2026

IRS finalizes deduction rules for tips, adds 3 eligible jobs

The final IRS regulations expand the tips deduction to 71 occupations and clarify rules on qualified tips, digital payments, and automatic gratuities.

April 9, 2026

GASB proposes guidance on infrastructure assets

GASB issued guidance Wednesday that seeks to improve the financial reporting requirements for infrastructure assets, enhancing the consistency in their application and better meeting the information needs of financial statement users.