Workers generally may claim the overtime pay deduction only for amounts reported on Form W-2, Wage and Tax Statement, beginning in tax year 2026, according to updated IRS FAQs. The IRS also clarified ...

The IRS on Wednesday issued Notice 2026-49, which contains sample forms and proposed rollover procedures to simplify and standardize rollovers between retirement plans and individual retirement ...

Treasury said a final rule will permanently end beneficial ownership information reporting requirements for U.S. companies and U.S. persons under the Corporate Transparency Act.

The proposed regulations, which the IRS said would affect millions of children, families, and employers, also address self-employed owners, Sec. 125 cafeteria-plan contributions, and employer matching ...

For the 500th episode of the Journal of Accountancy podcast, the show went on the road to the Future of Finance Summit. The conversation with the AICPA’s Tom Hood, CPA/CITP, CGMA, executive vice ...

The IRS said fraudsters are mailing letters that direct digital asset holders to a bogus “Digital Asset Compliance Portal” ...

Nicole Davis, CPA, built a Tax Return Pizza Tracker and then got a trademark for it. Now she has big plans for a companion app that would touch nearly every task in a tax firm.

Actively recruiting accounting students on campus is still the best way to build a talent pipeline in an increasingly competitive environment. To better connect with the best students and attract them ...

A divorced spouse may qualify for benefits based on their ex’s work record. A surviving spouse may qualify before age 62. And some families may be eligible for benefits related to their children.