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In support of the Biden administration’s proposal to regulate paid tax preparers, the AICPA highlighted six key areas in a letter to Congress.

The IRS has issued guidance on the taxability of dependent care assistance programs, clarifying that amounts attributable to carryovers or an extended period for incurring claims generally are not taxable.

The SBA is sending its first wave of payments from the Restaurant Revitalization Fund (RRF) to more than 16,000 restaurants and other food establishments.

The IRS is falling farther behind in processing millions of income tax returns, potentially delaying refunds for many Americans.

The House Ways and Mean Committee on Wednesday unanimously passed a bill that could boost retirement plan options. It’s been dubbed “SECURE 2.0.”

As homeowners continue to pour into the real estate market, favorable financing hit the lowest level since mid-February, but higher rates may be on the way.

The April jobs report was a huge letdown, with nonfarm payrolls increasing by only 266,000 and an unexpected increase in the unemployment rate.

A Federal Reserve survey shows that loan officers at U.S. banks reported easing standards on most business and household loans in Q1.

The SBA has stopped accepting new PPP applications from most lenders almost a full month before the $292 billion program’s application deadline.

FASB has issued a standard designed to clarify an issuer’s accounting for certain modifications or exchanges of freestanding equity-classified written call options that remain equity-classified after modification or exchange.