The Department of the Treasury and the Internal Revenue Service today issued proposed regulations on eligible investments for Trump Accounts, a new type of traditional IRA under the Working Families Tax Cuts.
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The Internal Revenue Service today announced a digitally authenticated Tax Compliance Report available through IRS Individual Online Account.
The Internal Revenue Service today updated frequently asked questions about the limitation on the deduction for business interest expense.
Recognizing the important role conservation and historic preservation easements can play, as well as the specialized tax, valuation, contractual, and procedural issues they present, the Internal Revenue Service today announced the establishment of an Office of Conservation Easements.
The Department of the Treasury and the Internal Revenue Service issued proposed regulations to apply and clarify the federal law regarding the eligibility requirements for taxpayer-funded refundable individual income tax credits.
The Internal Revenue Service and Security Summit partners today reminded tax professionals to protect client data with a Written Information Security Plan.
The Department of the Treasury and the Internal Revenue Service today provided guidance to simplify and standardize the rollover process by issuing sample forms for direct rollovers to or from a retirement plan, as required under the SECURE 2.0 Act section 324.
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The IRS proposed regulations that would limit Trump account investments to low-fee stock index funds and ETFs during the growth period.
The AICPA Auditing Standards Board approved a new fraud standard to enhance and clarify auditor responsibilities in a financial statement audit.
The agency said it has ended its latest conservation easement settlement initiative and is creating a new office to coordinate strategy for such cases.
FASB is seeking feedback on a proposal that aims to answer stakeholder uncertainty about how the definition of cash equivalents applies to stablecoins and other digital assets.
Dogs and cats are more than pets for many Americans, who consider the animals family members. An AICPA survey found that pet owners often budget for their animals, prioritize pet spending, and include pets in estate planning.
The framework proposed Tuesday includes two exemptions from the registration requirements of the Securities Act of 1933. The proposed rules will be open for public comment for 60 days.
The change, effective Dec. 15, clarifies for practitioners who is and is not part of an attest engagement team when applying AICPA Code of Professional Conduct independence requirements.
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