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The service admitted that some married taxpayers received erroneous notices for 2021 tax returns.

The service had to set up the online portal quickly to allow parents to claim advance payments, but the rollout had some hiccups and over 1,300 taxpayers suffered ID theft.

The board's chair, Erica Williams, said the PCAOB is working on updated auditing standards and stricter enforcement and inspections.

Complexity causes the data to be unclear, and even obsolete by the time it is reported.

Regulators from the two countries have been locked in negotiations over granting U.S. auditor watchdogs complete and open access to the audit work papers of about 200 Chinese companies.

Senator Joe Manchin and Majority Leader Chuck Schumer have struck a deal on a tax, energy and climate bill, breaking a deadlock on the Democrats’ long-sought legislation to enact major parts of President Joe Biden’s agenda.

A breakthrough deal between senators Chuck Schumer and Joe Manchin includes the extension of a popular consumer tax credit for the purchase of electric vehicles.

The West Virginia senator opposes changes to the state and local tax deduction.

Senate Majority Leader Chuck Schumer and West Virginia Senator Joe Manchin released the outline of a tax, climate and health care deal on Wednesday, in what could prove to be a major breakthrough after weeks of negotiations.

Bloomberg Tax and Accounting’s annual state tax survey reveals nationwide trends in nexus policies and more.