In a letter to congressional finance leaders, the AICPA listed increasing the threshold to $10,000 as one of its priorities.

The Tax Adviser—the magazine of planning, trends, and techniques—reports and explains federal tax issues to tax practitioners.

The Financial Crimes Enforcement Network (FinCEN) issued an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to ...

Court documents filed Monday showed that the government was ordered to rehire 24,000 workers across the 18 agencies, media ...

Form 7217, Partner’s Report of Property Distributed by a Partnership, debuted for 2024, intended to apprise the IRS of ...

A statement Thursday praised Treasury for "reducing regulatory burden on businesses" and said the "AICPA remains committed to ...

The partnership-level adjustment may be required for a substantial built-in loss, except for electing investment partnerships ...

A recent Chief Counsel Advice memo determined that the deductions were disallowed as fines or penalties under Sec. 162(f).

The Tax Court focused on the taxpayer’s role as president and managing director of the company in which he invested, along ...

The Tax Adviser—the magazine of planning, trends, and techniques—reports and explains federal tax issues to tax practitioners ...

In two cases, the court rebuffed taxpayers’ attempts to restrict its inquiry to a selected subset of the projects for which ...