A news release says Treasury won’t enforce fines or penalties against U.S. citizens or domestic reporting companies or their beneficial owners. Treasury will also issue proposed rulemaking to limit ...

Calling member feedback “really important,” Mark Koziel aims to build community within the AICPA and CIMA membership bodies.

Another top 20 accounting firm has partnered with private equity. CohnReznick LLP, a U.S. leader in advisory, assurance, and tax, has announced a strategic growth investment from Apax Partners LLP.

The Financial Crimes Enforcement Network said late Thursday that it will extend the current reporting deadline beyond March 21 and will develop new regulations to reduce “regulatory burden.” ...

The annual list, which began in 2002, lists 12 ways scammers try to gain confidential information from tax professionals or trick taxpayers.

Clients often seek their CPA’s advice on potential investments. Failure to respond properly can leave the CPA subject to lawsuits.

Finding that the organization was not operated exclusively for the promotion of social welfare, the Fifth Circuit affirmed the Tax Court’s judgment.

When Michael Ly launched his CPA firm in 2015, his then-revolutionary work model led to some unexpected, and hilarious, circumstances during interviews with potential employees. "They'd say, 'Hey, to ...

The revisions focus on monitoring challenges and independence threats related to an account owner’s financial interest in Sec. 529 plans.