The AICPA endorsed four of the six bills, all of which passed with bipartisan support and were forwarded to the Senate.

Converting to an employee stock ownership plan offers firms tax benefits and an alternative to private equity.

Accountants who advise clients interested in employee ownership plans need to be aware of the pros and cons of different ...

Discover how a one-day University of Memphis program empowers nontraditional accounting students to stick with their major ...

The taxpayer failed to substantiate that a theft occurred or, if it did, its tax year of discovery for his investments in an ...

The Tax Court imposes a $25,000 frivolous-position penalty for persistent omission of wage and rental income. The Tax Court ...

Informing clients about the incorporation of generative AI can enhance transparency and trust, ultimately strengthening the ...

In a letter ruling, the IRS determined that a recreational community club was not a qualified amateur sports organization.

Prop. regs. address expanded annual compensation deduction limitation ... Prop. regs. issued for spinoff transactions and ...

Overreliance on technologies such as AI may cause problems, but CPAs can take steps to keep their thinking caps on.

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The FAQs, which deal mainly with how to handle the employee retention credit on tax returns under various scenarios, are not ...