US accounting standard-setters indicated Wednesday that rules for how businesses report risk management practices could warrant a closer look in their future agenda given feedback from financial statement preparers.

The IRS properly obtained supervisory approvals for $46 million in penalties against Computer Sciences Corp. over a capital loss deduction from a corporate restructuring, the US Tax Court said Monday, rejecting the company’s arguments that the government needed to provide more documentation to justify its penalties.

Workers at the IRS sent home during the ongoing government shutdown should await further clarity from the Office of Management and Budget on whether they will get back pay after the standoff ends, the agency said Thursday.

The IRS Wednesday began furloughing workers as part of the federal government shutdown, with most operations closing, the agency’s site said.

EY is poised to pick a new US leader in the coming months who will steer the Big Four firm as it grapples with AI technology set to disrupt the consulting and accounting industries.

European finance ministers questioned the technical scope of an EU tobacco tax bill, underscoring the difficulty in sticking to the bloc’s preference to wrap up the negotiations quickly.

Meta Platforms Inc. and the IRS each accused the other of wrongly reading a recent Tax Court transfer pricing ruling as they seek a final determination of what the company owes in tax for intangibles the tech giant transferred to an Irish subsidiary.

Opinion: Tax professionals should use digital options when available, document steps taken to comply with filing requirements, and remain patient during an uncertain period for the IRS.

In hindsight, the telltale signs of trouble were piling up: the Zoom calls where the owner kept his camera off; the angry pushback from his brother when investors asked for invoices to back up their loans; the frequent late payments to suppliers; and the whispers of large off-the-books financing arrangements.

European finance ministers questioned the technical scope of an EU tobacco tax bill, underscoring the difficulty in sticking to the bloc’s preference to wrap up the negotiations quickly.

Danish tax authorities won a judgment against three people they say breached settlement agreements amid its ongoing $2.1 billion bank fraud dispute.

Meta Platforms Inc. and the IRS each accused the other of wrongly reading a recent Tax Court transfer pricing ruling as they seek a final determination of what the company owes in tax for intangibles the tech giant transferred to an Irish subsidiary.

The Trump administration has begun firing workers at the IRS and the Treasury Department as it tries to leverage mass layoffs in the standoff over government funding in Congress.

Two Bread Financial Holdings Inc. subsidiaries asked a Florida trial court to refund over $1 million in sales tax they paid the state on bad debts.

IRS employees implementing the GOP July tax law are largely exempt from staff furloughs amid the government shutdown, but the shutdown’s impact could still have a ripple effect on the rollout of regulations and guidance to taxpayers.

Cracks are starting to form in the shield that largely has kept the tax system from scrutiny under new US Supreme Court precedent on when federal monetary penalties require a jury trial.

The Senate Finance Committee approved President Donald Trump’s nominees to be the IRS’s top attorney and the Treasury Department’s top liaison to Capitol Hill, putting both officials one step closer to taking on key roles in implementing Republicans’ mega tax cut law.

Opinion: Multinational enterprises in the United Arab Emirates need to start preparing for the rollout of mandatory electronic invoicing and should stay aware of potential changes in the compliance process.

Tax pros say a new test meant to fix a clash between Australia’s tax rules and the realities of financing real estate and infrastructure development is too narrow and may hamper investment.

Workers at the IRS sent home during the ongoing government shutdown should await further clarity from the Office of Management and Budget on whether they will get back pay after the standoff ends, the agency said Thursday.

Chicago-based accounting firm Crowe is weighing whether it should sell a stake to private-equity investors, a move that would thrust it into a pack of middle-market firms engaged in such dealmaking.

Judges on a Florida appeals court panel appeared skeptical during oral arguments Thursday that the state’s tax agency doesn’t owe interest on a tax refund provided to 7-Eleven Inc.'s fuel company.

Cracks are starting to form in the shield that largely has kept the tax system from scrutiny under new US Supreme Court precedent on when federal monetary penalties require a jury trial.

Frank Bisignano is in a position to make it easier for data-sharing to occur between agencies—especially between the IRS and the Social Security Administration—now that he’s at the helm of both.

A Texas man is suing the company selling tax credits that the IRS and Treasury Department have said don’t exist.