The Latest

The IRS urged tax professionals in an email Wednesday to verify their Electronic Filing Identification Number activity to safeguard against tax fraud.

The Internal Revenue Service has begun conducting on-site inspections of tax preparers who continue to have problems with verifying their clients’ eligibility for claiming the Earned Income Tax Credit, and warned that the penalty has increased.

Global education and test prep company Kaplan announced on Wednesday the launch of their U.S. Global Leadership and Professional Development Practice at a New York kick-off event, attended by business leaders from the banking, finance and accounting sectors.

DSD Systems has acquired the Sage 100 Extended Solutions library of business technology solutions and services provider SWK Technologies.

While some farms may raise cattle, poultry or fish and others grow fruits or vegetables, all will report their farm income on Schedule F, Profit or Loss from Farming. If your clients own a farm or ranch, here are 10 tax tips from the IRS.

Internal audit practitioners are facing new demands for improving cybersecurity and communicating the risks of cyberattacks to their organizations, according to a new report.

The number of changes in sales and use taxes declined in the fourth quarter of last year, according to a new report.

The AICPA will be offering the first part of a free, three-part webinar on how to address unconscious bias this Thursday, Feb. 18, from 1-2 p.m. ET. The series is designed to teach AICPA members how to "define, identify and manage unconscious bias" within their organizations and their interactions with clients, per a statement.

The Financial Accounting Standards Board is expected to release its long-awaited lease accounting standard this quarter, and companies are bracing for the impact on their balance sheets.

Under the Whistleblower Program, the SEC must make monetary awards to eligible individuals who voluntarily provide the Commission with original information about a violation of the federal securities laws that has occurred, is ongoing, or is about to happen.