Corporate AMT proposed regs revised
The IRS’s Notice 2025-28 will affect applicable corporations with financial statement income attributable to investments in partnerships.
FASB releases credit losses standard for AR and contract assets
The Financial Accounting Standards Board is offering optional guidance on the measurement of credit losses for accounts receivable and contract assets.
In the blogs: Read my tips
The well-oiled firm; refundable credits in states; taxing settlement money; and other highlights from our favorite tax bloggers.
IRS sends letters to federal employees about delinquent taxes
The IRS has been mailing out letters to federal workers saying they are among 525,000 current and former employees who owe back taxes.
Chicago mayor floats reviving corporation tax
A so-called corporate head tax is “on the table” as officials look for funds to help close back-to-back yearly shortfalls topping $1 billion.
Grant Thornton adds outsourcer Auxis
Top 10 Firm Grant Thornton added Auxis, which offers Latin American outsourcing, to its U.S.-based advisory practice, Grant Thornton Advisors.
Deadly mass shooting leads to evacuation at KPMG building
A deadly shooting occurred Monday evening in Midtown Manhattan at a building where KPMG offices are located.
Doeren Mayhew expands to Atlanta
The Top 50 Firm based in Troy, Michigan, has merged in AGL CPA Group, giving it a foothold in the greater Atlanta region.
IRS aims to streamline LB&I process
The Internal Revenue Service is looking to cut the case cycle times for corporate taxpayers.
Former IRS commissioner O’Donnell joins KPMG
Douglas O’Donnell, former acting commissioner of the Internal Revenue Service, has joined KPMG US in its Washington national tax practice.