Featured News
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IRS appoints Melanie Krause as acting chief
Following the retirement of Douglas O'Donnell, Treasury Secretary Scott Bessent appointed Melanie Krause as the acting commissioner of the IRS.
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IRS data shows average tax refund down 32%
Data released by the IRS last week shows the average refund in 2025 is down nearly 33% compared to the same time frame in 2024.
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Survey: CFOs planning to slow pay increases in 2025
A recent Gartner survey finds that CFOs are planning smaller pay increases for employees in 2025
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FBI warns about unpaid toll texting scam
The FBI warned the public about scams involving road toll payments sent through text messages nationwide.
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AICPA ethics committee corrects authoritative guidance
The AICPA’s Professional Ethics Executive Committee updated a list of examples related to meeting independence standards when providing recruiting services for attest clients.
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Businesses must prove their expense reductions, tax court rules
The Tax Court recently ruled that a self-employed taxpayer did not provide enough evidence to support her business expense deductions.
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BOI injunction lifted; new reporting deadline set
A federal district court lifted the last remaining nationwide injunction stopping beneficial ownership information (BOI) filing requirements.
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AICPA urges IRS to prioritize taxpayers
The AICPA has expressed concerns regarding potential layoffs at the IRS, urging the agency to consider the needs of taxpayers and preparers.
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AICPA auditing board approves two exposure drafts for comment
The AICPA Auditing Standards Board (ASB) voted Thursday, Feb. 13, to approve two separate exposure drafts for public comment.
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IRS sets lower auto depreciation limits
For the first time in at least three years, the IRS issued lower depreciation limitations for passenger automobiles.