The Latest

The board has given $19 million in awards since 2011.

A group of Senate Democrats is urging the Internal Revenue Service to extend the filing deadline for people with individual taxpayer identification numbers who have been affected by the massive processing delays at the IRS.

The Internal Revenue Service is being urged to pilot test virtual visits with paid tax preparers through videoconferencing technology as a way to reduce the number of errors in claims for refundable tax credits in a new government report.

Elizabeth Warren and nearly two dozen colleagues in the Senate introduced legislation to enable more taxpayers to file their taxes online for free directly via the service.

Economic confidence among accountants and finance professionals in North America has declined to levels seen during the height of the COVID-19 pandemic in 2020.

While many business operations are jumping on the digital bandwagon, one area lagging in digital adoption is accounting.

A Senate plan to expand taxes on some businesses to bolster Medicare raised alarms about inflation, potentially complicating Democrats’ attempt to pass a broad economic package.

The state and local tax deduction issue threatens to spark a showdown among Democrats as high-stakes Senate talks inch closer to a deal on President Biden’s economic agenda.

While Charles Rettig is scheduled to testify to Congress’s main tax-writing committees, IRS officials offered potential justifications for the unusual audits.

U.S. and Chinese officials have been negotiating for more than two years to ensure staff from the PCAOB can access the audit papers of Chinese companies traded in the U.S.