The IRS on Wednesday issued final regulations (T.D. 10034) that remove the associated property rule and similar rules from regulations under Sec. 263A(f) regarding interest capitalization requirements ...

Business intelligence and analytics tools are no longer optional to deliver real-time insights and support agile business decisions.

Application of the public policy doctrine is not limited to where a criminally convicted person directly pays a fine or penalty, the Tax Court held.

Once upon a time, in the early 2000s, cyberattacks were like ghost stories for the corporate world. They were chilling to hear about but easy to dismiss. That won’t happen to us. It’s overblown. There ...

The Eighth Circuit held that a taxpayer’s spouse lacked a present property interest in the taxpayer’s home, so she was not entitled to receive a portion of the sales proceeds in a forced sale action ...

Another day, another cyber incident. One does not have to search hard to find a news headline about the latest breach of consumer data or a warning about the ransomware threat du jour. Stories about ...

Imagine prospective clients sitting in a pitch meeting, laughing and chatting about their weekend plans. The energy in the room is light and engaging. Then an accounting firm partner walks into the ...

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Editor’s note: This is the fifth article in a six-part series. Partners reassessing some or all aspects of their traditional CPA firm’s business model may consider starting with this exercise: Take a ...

The proposed regulations were withdrawn in response to comments that criticized the proposed guidance, according to the IRS.

In response to “the broad and evolving application of the definition of a derivative,” FASB issued an Accounting Standards Update that aims to address stakeholder concerns about the application of ...

The IRS would use money from the Inflation Reduction Act to keep the agency’s over 74,000 employees working for the first five days of a potential government shutdown.