Jurors in the Paul Manafort fraud trial heard closing arguments Wednesday summarizing the dramatic testimony over the last two weeks.

The decision has implications for small to midsized businesses that must adapt to remain compliant.

While successful tax professionals find themselves with a surplus of business from January to April, the months of May to December are way too light.

The Internal Revenue Service is continuing to close Taxpayer Assistance Centers around the country, despite recommendations to the contrary from the National Taxpayer Advocate and the Senate Appropriations Committee.

Aimed at small-business users, the software integrates with the vendor’s Accounting CS.

The cost of formatting financial statements in Extensible Business Reporting Language, or XBRL, for small reporting companies has plunged 45 percent since 2014, according to a new study by the American Institute of CPAs and XBRL US, making the requirement for using the data-tagged format more affordable.

A group of Republicans on the Senate Finance Committee is asking the Internal Revenue Service and the Treasury Department to issue guidance to clarify the congressional intent behind several provisions of the Tax Cuts and Jobs Act related to qualified improvement property expensing, the net operating loss deduction and a sexual misconduct settlement deduction.

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.