The Internal Revenue Service Electronic Tax Administration Advisory Committee released its 2026 annual report today with a total of 18 recommendations – six of which are directed to Congress.
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The IRS announced that 27 states have elected to participate in the Federal Scholarship Tax Credit (FSTC) program, which enables eligible taxpayers to claim a federal tax credit for qualified contributions to Scholarship Granting Organizations (SGOs) providing scholarships for qualified elementary and secondary education expenses.
The Internal Revenue Service and Security Summit partners today announced a restructuring of the public-private partnership designed to strengthen protections and enhance information sharing across the tax system.
The Internal Revenue Service today issued the 2025 Data Book detailing the agency’s activities during fiscal year 2025.
The Department of the Treasury and the Internal Revenue Service today issued Notice 2026-36 announcing intent to issue proposed regulations addressing the tax on excessive compensation and excess parachute payments to employees of tax-exempt organizations under the One, Big, Beautiful Bill.
The Internal Revenue Service today announced a series of hiring events to take place across the country through July.
The Internal Revenue Service reminds taxpayers who missed the filing deadline that they can still file their 2025 federal tax return at no cost using IRS Free File.
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The Electronic Tax Administration Advisory Committee calls for predictable, multiyear funding; expanded use of artificial intelligence with safeguards; and steps to reduce complexity and improve communication with taxpayers and practitioners.
FASB published two Accounting Standards Updates recently. One is intended to improve accounting guidance for interest rate risk hedging and net investment hedging, and the other relates to guidance for certain market-return cash balance plans.
The Treasury Inspector General for Tax Administration estimated that about 1 million callers to two IRS customer service lines did not receive quality service.
Crowe is the latest top 15 firm to strike a private-equity deal. Also, Baker Tilly announced plans to relocate its headquarters to New York and acquire another top 100 firm.
More than 11,000 workers left Taxpayer Services, prompting the IRS to assign 1,173 higher-paid employees to lower-grade positions, the report from the Treasury Inspector General for Tax Administration said.
The PCAOB issued for public comment a supplemental release regarding narrow, targeted proposed amendments to QC 1000, A Firm’s System of Quality Control, and related amendments to forms and the QC reporting rule.
Public comments are due by Sept. 15 on the proposed definition, which aims to ensure that the AICPA Code of Professional Conduct keeps pace with future regulatory updates without the need for additional standard-setting actions.
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Inflation is at a three-year high. That’s a problem for the Fed. Yet, under the leadership of new chair Kevin Warsh, it opted yesterday not to hike interest rates. So today on the show, who are the winners and who are the losers amidst higher inflation?
More than three months after the U.S. and Israel launched their war on Iran, the costs and aftereffects are felt around the world.
Iran's control of the Strait of Hormuz inflicted global pain during the months-long conflict with the U.S. and Israel. A tentative deal is in place, but questions remain about the key waterway.
The Federal Reserve left its benchmark interest rates unchanged Wednesday, and signaled its next move could be a rate increase. It's the first rate decision under the new Fed chairman, Kevin Warsh.
To hear author David Bockino tell it, gambling has always been a key ingredient of pro sports in the U.S.—it’s as American as apple pie. Bockino is the author of the new book Over/Under: An Unexpected History of Sports Betting. So what gave rise to this new wave of sports gambling? And what are we risking placing so many bets on games?
The cyber weapon that might have prevented nuclear war.
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