The AICPA seeks to clarify questions concerning virtual currency on the IRS's 2021 forms 1040, 1040-SR and 1040-NR, and instructions, as well as its draft of the 2022 Form 1040, according to a statement released Tuesday. Of particular concern to the AICPA is a proposed change in the language of the 2022 form, from "virtual currency" to "digital assets."

Seven years after it initially proposed a rule requiring companies to link executive compensation and corporate performance, the Securities and Exchange Commission (SEC) has finally voted to implement it, pursuant to the 2010 Dodd-Frank Act. The vote was 3-2. 

Free stock trades not only aren’t free, but the process to buy and sell varies by brokerage, to the tune of $34 billion a year, a study by four University of California at Irvine business professors has found.

The Public Company Accounting Oversight Board (PCAOB) has achieved a breakthrough in its efforts to audit the financial statements of public Chinese companies trading in U.S. capital markets, but it cautioned that the board still has a way to go before achieving full transparency.

KPMG will be decamping to new U.S.  headquarters, consolidating its workforce from three Manhattan buildings and reducing its current footprint by two fifths.

Investors will be gathering in Jackson Hole, Wyo., on Friday to hear Federal Reserve Board Chairman Jerome H. Powell. They expect that the Fed will continue to raise interest rates as it seeks to tame inflation.

The 2010 law intended to capture revenue from wealthy Americans who stash their cash overseas and out of the reach of U.S. tax authorities still has some loopholes, a U.S. Senate Finance Committee report states. 

The new corporate alternative minimum tax that will take effect in January 2023 is causing headaches for tax executives, who are seeking guidance from the U.S. Department of the Treasury.