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FASAB announces new chair, new board structure

FASAB announces new chair, new board structure

Terry K. Patton, CPA, takes over the leadership position on the Federal Accounting Standards Advisory Board; FASAB appoints two new board members while reducing board membership from nine to seven.

Executive turnover slows, but AI strategy remains unclear

Executive turnover slows, but AI strategy remains unclear

A global survey reveals that executives aren’t changing jobs nearly as often as they did a year ago, but many are seeking better internal support for strategic objectives built around artificial intelligence.

Expansion gives millions of entities access to business tax accounts

Expansion gives millions of entities access to business tax accounts

The IRS said Monday it is opening the online, self-service accounts to partnerships, Indian tribal governments, tax-exempt organizations, and federal, state, and local governments.

IRS tapped Inflation Reduction Act funds to cover 2025 filing season, watchdog says

IRS tapped Inflation Reduction Act funds to cover 2025 filing season, watchdog says

TIGTA found the IRS spent $4.8 billion in Inflation Reduction Act funds, which were intended to supplement its annual appropriation, on labor and IT to keep the 2025 tax season on track.

Americans’ financial optimism edges higher, but worries remain

Americans’ financial optimism edges higher, but worries remain

As National Financial Literacy Month begins, an AICPA-commissioned survey highlights why many consumers need to refocus their financial decision-making.

Expansion gives millions of entities access to business tax accounts

Expansion gives millions of entities access to business tax accounts

The IRS said Monday it is opening the online, self-service accounts to partnerships, Indian tribal governments, tax-exempt organizations, and federal, state, and local governments.

IRS tapped Inflation Reduction Act funds to cover 2025 filing season, watchdog says

IRS tapped Inflation Reduction Act funds to cover 2025 filing season, watchdog says

TIGTA found the IRS spent $4.8 billion in Inflation Reduction Act funds, which were intended to supplement its annual appropriation, on labor and IT to keep the 2025 tax season on track.

IRS watchdog cites resource limits, duplication in partnership audits

IRS watchdog cites resource limits, duplication in partnership audits

The Treasury Inspector General for Tax Administration assessed a soft-letter initiative and the IRS’s examinations of 82 major U.S. partnerships.

AICPA seeks clarity on revamped paid family leave credit rules

AICPA seeks clarity on revamped paid family leave credit rules

The request came in an AICPA letter to Treasury and the IRS seeking guidance on how employers should implement changes to the paid family leave credit.

IRS provides guidance on business interest limitation elections

IRS provides guidance on business interest limitation elections

The guidance in Rev. Proc. 2026-17 is provided in response to H.R. 1’s amendments to Secs. 163(j) and 168(k).

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Recent Korean TP precedents: reinforcing requirements for comparability and functional evidence

Recent Korean TP precedents: reinforcing requirements for comparability and functional evidence

Several South Korean transfer pricing cases have established clearer judicial standards emphasising robust comparability analysis and stronger functional and economic evidence. Yulchon tax partners provide practical insights for navigating the heightened requirements

From compliance to resilience: adapting transfer pricing in a rapidly evolving world

From compliance to resilience: adapting transfer pricing in a rapidly evolving world

Ichwan Sukardi and T Qivi Hady Daholi of RSM Indonesia examine how geopolitical conflict and economic volatility are reshaping transfer pricing risk and enforcement, with a particular focus on Southeast Asia and Indonesia

This week in tax: Deloitte UK appoints tax specialist as CEO

This week in tax: Deloitte UK appoints tax specialist as CEO

Darren Graves will succeed Richard Houston, who is set to lead Deloitte EMEA; in other news, Morgan Lewis hired a three-partner tax team in New York

Global mobility trends and transfer pricing implications

Global mobility trends and transfer pricing implications

Monika Bieri and Daniel Schönenberger of Tax Partner use a Swiss lens to examine how workforce mobility is reshaping transfer pricing models, and why the location of key decision‑makers is becoming a critical tax risk

India announces record number of APAs for 2025/26 financial year

India announces record number of APAs for 2025/26 financial year

India also signed its first-ever bilateral APAs with France, Ireland, Indonesia and Sweden last year, the CBDT revealed