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

Foreign investors should carefully analyze tax implications and strategies before investing in the growing U.S. market for ...

CEOs need to understand the arm’s-length rules for transactions between commonly controlled entities because of the enormous ...

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

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

The government on Friday significantly narrowed the scope of beneficial ownership information (BOI) filing requirements to foreign entities only, formalizing a move the Treasury Department previewed ...

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

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).

A news release says Treasury won’t enforce fines or penalties against U.S. citizens or domestic reporting companies or their ...