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The IRS is reminding teachers and other educators planning for 2022 that they can deduct up to $300 of out-of-pocket classroom expenses when filing their returns next year.

A new Accounting Standards Update (ASU) aims to better align hedge accounting with an organization’s risk management strategies.

The IRS will brief tax professionals on the latest email scams during two 30-minute Zoom meetings on Wednesday, March 30.

The IRS is suspending 10 notices generally sent to tax-exempt organizations about late return filings, the agency recently announced.

The IRS recently warned taxpayers that money received through online crowdfunding — such as soliciting to fund businesses, for charitable donations or for gifts — may be taxable.

Starting tax year 2021, the IRS will reject e-filed returns if the taxpayer needs to reconcile advance payments of the premium tax credit on Form 8962 but does not attach the form.

Globally, most accounting firms are offering — or planning to offer — a more diversified selection of advisory services for clients, a new survey finds.

The Tax Court recently found that there is a limit on the tax-deductibility of wages paid to employees by the employer.

The Evers administration recently granted more than $86 million to small businesses in communities disproportionately affected by the COVID-19 pandemic.

New interpretations and revisions from the Professional Ethics Executive Committee (PEEC) significantly change past guidance on ethics for CPAs.