Clarifying that business interest expense subject to Sec. 163 (j) includes any interest incurred and capitalized during the tax year, except for interest capitalized under Secs. 263 (g) and 263A (f); ...

We wrapped up our annual Conference on Current SEC and PCAOB Developments last week, and it’s hard to pick a single theme or ...

The Professional Ethics Executive Committee voted to issue an exposure draft of Proposed Revisions Related to Alternative ...

GASB issued Statement No. 105, Subsequent Events, which clarifies types of subsequent events and information that should be ...

Despite the Eleventh Circuit holding that the Corporate Transparency Act is constitutional, an interim rule from Treasury ...

At the AICPA National Tax Conference, digital assets expert Nik Fahrer, CPA, sympathized with tax pros who dread the upcoming ...

The documents that comprise the taxonomies can be accessed via FASB’s taxonomies webpage or individually at the following ...

A coalition’s letter to the Department of Education expresses opposition to draft regulations that would exclude accounting ...

The Tax Court denied an estate’s claim of a deceased spousal unused exemption (DSUE) amount, holding that the decedent’s predeceased spouse’s estate did not make a valid portability election (i.e., an ...

Can we trust the algorithms at the core of artificial intelligence’s ability to learn and solve problems? It’s a question that is becoming pertinent as businesses increasingly rely on artificial ...

Once upon a time, in the early 2000s, cyberattacks were like ghost stories for the corporate world. They were chilling to hear about but easy to dismiss. That won’t happen to us. It’s overblown. There ...