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Latest News & Web Pages
Committee advances tax and IRS legislation
2+ week, 4+ day ago (172+ words) The tax-writing House Ways and Means Committee unanimously approved five bipartisan tax-related bills last week aimed at helping natural disaster victims, sexual assault survivors, pre-school teachers, taxpayers in general and tax fraud whistleblowers. The Financial Accounting Standards Board met to…...
Tax season 'progressing smoothly,' says IRS
2+ week, 1+ day ago (408+ words) Tax season is "progressing smoothly" according to the Internal Revenue Service. "With less than two weeks left in the filing season, the IRS continues to provide historically outstanding service to taxpayers," said IRS chief executive officer Frank Bisignano, in a…...
Software stock dogs have joined market rally. There's a classic investing lesson in the rebound
7+ hour, 18+ min ago (694+ words) Cybersecurity and enterprise software stocks have been market dogs since the start of 2026, with fears that AI will wipe out a wide range of companies in the enterprise space dominating the narrative. But they snapped a brutal losing streak this…...
SCOTUS weighs case involving foreclosure to pay off tax debt
1+ mon, 5+ day ago (576+ words) The Supreme Court recently heard oral arguments in a case revolving around whether a county in Michigan violated the constitutional rights of a homeowner whose property was foreclosed on and sold for far more than he owed in taxes, but…...
IRS overestimated Direct File costs before ending program
3+ week, 5+ day ago (253+ 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…...
Some states are 'decoupling' from OBBBA tax changes
1+ mon, 5+ day ago (832+ words) He anticipates states will continue to adopt the OBBBA provisions at their own pace, but in some cases that can take years. He cited the example of California, which finalized its adopting and decoupling provisions last June for the Tax…...
Experiential learning: A game changer for accountants
1+ mon, 2+ week ago (867+ words) Online games allow students of all ages to deal with ethical dilemmas in real-world scenarios. Whether you're a first-year accounting student or a corporate controller with 20 years of experience, learning never stops. In the real world, early-career training is getting…...
Here are 3 forces that drove a remarkable, record-setting week on Wall Street
1+ day, 8+ hour ago (40+ words) You can call it a comeback. Stocks rocketed to record highs last week on hopes of a peace deal with Iran, with the S & P 500 closing above 7, 100 for the first time and the Nasdaq completing its. .....
Fed officials still foresee rate cut this year, despite war impacts, minutes show
1+ week, 4+ day ago (18+ words) Policymakers said they would need to remain "nimble" as they weighed the impact the war had on inflation....
Jamie Dimon says Iran war makes Middle East peace prospects better in the long term
3+ week, 5+ day ago (421+ words) JPMorgan Chase CEO Jamie Dimon said Tuesday that while the Iran war poses near-term risks, it may ultimately improve the prospects for lasting peace in the Middle East. "I think the Iran war makes it a better chance in the…...