Category Archives: Tax News

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FinCEN says it will postpone effective date of anti-money-laundering rule

Category:Tax News

The Financial Crimes Enforcement Network said Monday that it will revisit the scope of an anti-money-laundering rule that affects small registered investment advisers. It said the effective date was expected to be postponed from Jan. 1, 2026, to Jan. 1, 2028.


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Dealing with natural disasters: Prepare by taking these steps today

Category:Tax News

Nearly one-third of adults have done nothing to prepare financially for the possibility of a natural disaster. An AICPA news release offers advice for individuals and businesses.


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US House passes stablecoin regulatory framework

Category:Tax News

Already approved by the Senate and on its way to the president for signature, the GENIUS Act will require stablecoin issuers to undergo a monthly examination of disclosures. Larger issuers also will be subject to an annual audit.


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Overworked or overwhelmed? The two sides of technology

Category:Tax News

Productivity is lacking in the workplace, according to a Microsoft survey, with technology posing both as the problem and the solution.


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PCAOB chair to resign

Category:Tax News

Erica Williams, who has held the position since 2022, will step down next week.


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Hard truth about soft skills: Invaluable insights for financial advisers

Category:Tax News

Personal financial advisers share perspective on creating a safe space where clients feel comfortable about sharing information crucial to a successful professional partnership.


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Congress passes act allowing tax relief when a state declares disaster

Category:Tax News

A bill supported by the AICPA is “a major win for taxpayers and tax practitioners,” according to a statement by President and CEO Mark Koziel. The bill, which now heads to President Donald Trump for his signature, is intended to speed up the granting of tax deadline extensions after a disaster.


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AICPA: Guidance needed on catch-up contributions under Roth mandate

Category:Tax News

In a letter to Treasury and the IRS, the AICPA requested guidance on language in proposed regulations issued in January.


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It’s no joke: Being nice is among this attorney’s top ways to deal with the IRS

Category:Tax News

Being nice is one of tax controversy attorney Melissa Wiley’s ways of getting answers from the IRS, which also includes knowing the Internal Revenue Manual and using self-service tools.


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AICPA recommends changes to mandate ending federal disbursements by paper check

Category:Tax News

An executive order issued in March requires the Treasury secretary to cease issuing paper checks for all federal disbursements and requires all payments made by the federal government to be electronically processed.