IRS loosens U.S. tax-break rules for corporate debt payments

The Internal Revenue Service moved to ease the tax burdens of private equity portfolio companies and heavily indebted industries.

IRS loosens U.S. tax-break rules for corporate debt payments


IRS finalizes rules on business interest expense deduction limits

The service released the final regulations and other guidance on the deduction, which was amended by the CARES Act.

IRS finalizes rules on business interest expense deduction limits


In the blogs: Surprising numbers

Making partners bill; more distribution guidance; NATP winners; and other highlights from our favorite tax bloggers.

In the blogs: Surprising numbers


Engage 2020: Opportunities ahead for accountants

The coronavirus pandemic has opened up a number of specific areas with potential for the profession, according to leaders at the AICPA.

Engage 2020: Opportunities ahead for accountants


Democrats raise concerns over stimulus payment delays

Democrats in Congress are criticizing how millions of economic impact payments authorized under the CARES Act are being handled.

Democrats raise concerns over stimulus payment delays


AICPA announces new scholarship for Black accounting students in Twin Cities

The new scholarship will offer four students across two academic years $5,000 each to cover education-related expenses.

AICPA announces new scholarship for Black accounting students in Twin Cities


Tackling TCJA tax compliance challenges

Here are some lessons learned from the 2018 tax year compliance season.

Tackling TCJA tax compliance challenges


Engage 2020: How to advance women into the C-suite

A panel of female professionals discuss how firms can raise women’s value and marketability in the workplace.

Engage 2020: How to advance women into the C-suite


What’s in Senate Republicans’ $1T pandemic relief plan

The GOP legislation includes a second tranche of stimulus payments, structured the same way as the earlier round, in March, along with tax credits for businesses.

What’s in Senate Republicans’ T pandemic relief plan


States see no aid from Senate GOP for swelling budget gaps

The economic stimulus plan released by Senate Republicans offers no new money for states and cities to cope with swelling budget shortfalls, leaving them to contend with a grave financial crisis that’s already forcing them to slash spending, furlough workers and delay projects as tax revenue disappears.

States see no aid from Senate GOP for swelling budget gaps