PNC Financial Services Group Inc. received subpoenas from federal prosecutors in Florida over practices related to its purchases of low-income housing tax credits, according to two people familiar with the matter.

The Financial Accounting Standards Board released a long-awaited accounting standards update Wednesday to improve the financial reporting for insurance companies that issue long-duration contracts, such as life insurance, disability income, long-term care and annuities.

199A workload; TACs on the decline; dysfunctions; and other highlights from our favorite tax bloggers.

This handful of provisions from the Tax Cuts and Jobs Act are worth immediate attention.

Digital transformation has been a near constant topic of conversation among accounting and CPA communities in 2018.

Despite gentle nudges, love taps and tactics to shorten the cycle time, the process is slow and the lag time is painful.

Ernst & Young is acquiring Riverview Law, a London-based provider of legal services, expanding the Big Four accounting firm’s global presence in the legal profession.

Experts warn the proposals on qualified business income of pass-throughs are complicated, though.

Exxon Mobil Corp. must face a lawsuit by investors who blamed a drop in the company’s shares on the disclosure that regulators were scrutinizing its reserve accounting related to climate change.

Innovation was the theme at this year’s Boomer Technology Circle Summit — but in order to get innovating, you’d better get compensating.