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In a new Tax Court case, a couple tried to deduct a six-figure loss against ordinary income, based on the language in the tax return instructions, to no avail.

A new report from the IRS Advisory Council emphasizes the need for consistent, multiyear funding and the importance of effective communication with taxpayers.

Improving visibility into company cash flow and gaining tighter control of data is essential for financial leaders as they brace for the possibility of a recession, according to a recent study.

The next iteration of the internet, commonly called Web3, may bridge the gap between the real and virtual worlds, further enhancing the ways we work and conduct business.

The Federal Accounting Standards Advisory Board (FASAB) is seeking comments on its 2022 report and three-year plan.

GASB proposed new guidance on Tuesday, Nov. 15, that seeks to clarify, explain or elaborate on certain pronouncements.

Companies will likely boost their cloud computing budgets by more than 20% in 2023 even as they waste as much as 32% of their spending, according to new research.

In October, the IRS said it would leave the Free File open feature of its website open until Thursday, Nov. 17, so eligible taxpayers can claim their share of several pandemic-era tax credits.

More clients are now looking to their accountants for financial advice and wealth management services.

FASB will issue a proposal on the accounting for cryptocurrencies in the first half of next year to solicit feedback.