A. Goal Seek, Data Table, and Scenario Manager are powerful tools that can be found in a dropdown menu by going to Data > ...

A taxpayer could not deduct purported business expenses associated with writing and research activities held to be not engaged in for profit under Sec. 183.

The decision reaffirms the relevance of Skidmore v. Swift & Co., which established Skidmore deference as an approach to judicial review of agency interpretations.

The first strategy relies on the miracle of compound interest and works best for clients who have several years or perhaps ...

CPAs can be at risk of a claim related to a client’s non-compliance with laws and regulations, or “NOCLAR.” Learn what to do should you encounter suspected NOCLAR.

The transformative leader, who is retiring on Dec. 31, guided the organization and the profession for nearly three decades.

The successor to Barry Melancon will also take over Jan. 1 as CEO of the Association of International Certified Professional ...

By understanding psychological influences on decision-making, CPAs can work with clients more effectively and improve how ...

Unauthorized distributions to a corporation’s shareholders did not terminate an entity’s S status since the shareholders did not authorize or create a second class of stock in the entity’s governing ...

The IRS issued proposed regulations providing guidance on the corporate alternative minimum tax (AMT) and a notice that waives the penalty for failure to pay estimated tax with respect to the ...

The delay, the third by the IRS for Form 1099-K reporting for third-party settlement organizations, will treat 2024 and 2025 as transition years.

The standard aims to provide guidance missing in GAAP for the reporting of induced conversions related to settlement of convertible debt instruments.