The Fifth Circuit, overruling the Tax Court, held that for purposes of Sec. 1402(a)(13), “limited partner” means a partner in a limited partnership that has limited liability.

LinkedIn provides a multifaceted resource to search, network, and post content — but third-party AI tools should be treated ...

As Baby Boomers transition trillions to their heirs, CPAs face growing estate, gift, and trust liability risks. Learn how ...

Most Americans don’t have adequate emergency savings, according to a survey conducted for National Financial Literacy Month.

Artificial intelligence is taking over more tasks, but accountants can remain indispensable by strengthening qualities ...

This creates an opportunity for accounting and finance professionals to focus on human relationships and shine. “AI is ...

The Tax Court advised a taxpayer that if he filed a second petition, he probably would not have a chance for another review ...

Taxpayers meeting eligibility rules can now use Form 907 to preserve their right to challenge ERC disallowances while the IRS ...

The House Financial Services Committee voted to remove domestic-owned companies from the beneficial ownership information ...

Cost management topped CFOs’ list of internal risks in a recent Deloitte survey, and respondents cited automation and ...

A Treasury release said the changes are intended to “strengthen tax administration” and provide clearer reporting on the activities of tax-exempt organizations. No timeline was announced.

FASB published an Accounting Standards Update (ASU) that provides authoritative guidance on how an issuer should initially measure paid-in-kind (PIK) dividends on equity-classified preferred stock.