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Latest News & Web Pages
Apollo gives investors only 45% of requested withdrawals from $15 billion private credit fund
8+ hour, 1+ min ago (305+ words) Apollo, the asset management giant, told investors in its flagship private credit fund that it will limit withdrawals this quarter to just under half of requests, the latest sign of stress in the asset class. In a filing with the…...
1099-DA rules have a gross problem in 2026
10+ hour, 3+ min ago (858+ words) CPAs and their clients, dealing with the new 1099-DA digital asset rules for the first time this year, have encountered a rather gross problem leading to increased stress and work. Specifically, brokers this year are only reporting gross proceeds from…...
IRS overestimated Direct File costs before ending program
10+ hour, 3+ min ago (296+ words) The Internal Revenue Service vastly overstated the projected costs of operating the Direct File free tax preparation program before terminating it for this tax season, according to a new report. The program also gained in usage as the number of…...
Judge nixes FinCEN residential real estate rule
6+ hour, 33+ min ago (394+ words) A federal judge in Texas has struck down a rule from the Treasury Department's Financial Crimes Enforcement Network that recently went into effect requiring professionals engaged in real estate closings and settlements to report information to FinCEN about non-financed transfers…...
IRS offers flexibility on tax deduction elections
6+ hour, 33+ min ago (327+ words) The Internal Revenue Service issued a revenue procedure offering guidance on how businesses can take advantage of new tax breaks offered by the One Big Beautiful Bill Act and withdraw some previous elections they made under the old rules." Revenue…...
Why competency matters more as tax rules grow more complex
12+ hour, 54+ min ago (780+ words) This filing season, tax professionals across the country are having the same conversation with clients again and again. A taxpayer arrives expecting a large tax break they heard about online, for overtime pay, tips or vehicle loan interest, only to…...
SEC lays out policing plans after departure of enforcement head
14+ hour, 38+ min ago (391+ words) The acting head of the Securities and Exchange Commission's enforcement division said he'll focus on "quality over quantity" in bringing cases, the first signal of the regulator's priorities days after the resignation of the unit's chief. The Wall Street watchdog's…...
Tax refunds up, but falling short of Trump's $1,000 promise
10+ hour, 2+ min ago (817+ words) Americans' tax refunds are averaging about $350 higher than this time last year but so far running well below the extra $1,000 President Donald Trump promised after passage of his signature economic legislation. Refunds averaged $3,623 through March 13, 11% higher than the same point…...
Volume in stock and oil futures surged minutes before Trump’s market-turning post
14+ hour, 20+ min ago (256+ words) S&P 500 futures and oil futures flashed an unusual burst of activity early Monday minutes before a market-moving social media post from President Donald Trump. At around 6:50 a.m. in New York, S&P 500 e-Mini futures trading on the CME recorded a…...
The future for small firms
15+ hour, 50+ min ago (854+ words) Stephanie Otero, the vice president, small firm advocacy, at the AICPA, talks about the issues and opportunities that face the smaller firms that make up the backbone of the profession. Thanks for having me, Dan. As I say, we don't…...