FASB issued new rules that provide financial statement preparers with an option to reclassify stranded tax effects within accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act.
The IRS is proposing to remove 298 regulations that have no current or future application to the Internal Revenue Code.
The Bipartisan Budget Act of 2018 has many tax provisions, including retroactive extensions of a number of tax credits.
The Tax Cuts and Jobs Act provides many issues for audit committee members to consider in their oversight of financial statements, external auditors and risk management.
This podcast offers answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.
President Donald Trump announced that he will nominate Charles Rettig, a tax attorney from California, to be the new Commissioner of the Internal Revenue Service.
In this Q&A, AICPA policy experts discuss wide-ranging implementation challenges and members’ role in advocating for guidance and technical corrections.
FASB is moving quickly to give financial statement preparers a targeted improvement in their accounting for effects of the new tax reform law.
Companies with deferred tax assets may report surprisingly lower net income in 2017 even though they will benefit from lower income tax rates under the new tax law in 2018.
The IRS revealed that the recalculated 2018 pension contribution limits are unchanged from the numbers issued before the tax reform bill was enacted.
The IRS’s Office of Professional Responsibility has implemented a new process for informing practitioners that they are under investigation for violations of Circular 230.
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued its annual reminder of the due date for filing FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
Congress enacted tax reform legislation in December that will affect all taxpayers. Changes include new tax rates, modified credits and deductions, and a host of other amendments.
Comprehensive financial planning can uncover when the advantages of a defined benefit plan for a small business might outweigh those of a defined contribution plan.
A CPA needs to detect a client’s nonpayment early and devise a plan for paying the back taxes.
A taxpayer was unable to convince the Tax Court that his gambling activity had a profit motive.
A taxpayer established that she never intended to be the primary obligor on the loan.
Use of 'as if' in statute does not make a criminal restitution amount a tax, the court holds, and thus denies the IRS's assessment of interest and additions to tax based on the restitution.
Deborah Walker, national director of Compensation and Benefits at Cherry Bekaert LLP in Washington, D.C., received the AICPA's 2017 Arthur J. Dixon Memorial Award.
LB&I produces examiner’s overview of check-the-box rules ... Guidelines issued for advising private foundations on grants ... LB&I rolls out a second batch of compliance campaignS