The recommendations include allowing taxpayers to rely on substitute reasonable cause when appropriate, permitting them to reserve the automatic first-time abatement for future use.

"AICPA urges IRS to widen first time abatement penalty relief" was originally created and published by The Accountant, a ...

The AICPA Professional Ethics Executive Committee seeks comment on a revised definition to gather input on whether the ...

Business executives who are also CPAs are feeling more upbeat about the overall U.S. economy this year and their own ...

The American Institute of CPAs recommends the First Time Abatement program be expanded to cover additional types of tax and information return penalties.

Expectations of lower borrowing costs and pro-growth economic policies this year have sparked optimism among top financial executives, according to a survey.

The AICPA’s stance is supported by a Harris Poll survey conducted in 2025.

Around 39% of respondents said they are optimistic about the US economy over the next 12 months.

The American Institute of Certified Public Accountants (AICPA) is trying to ensure that its reputation is not sullied by the recent scandal involving Enron and the role that improper financial ...

The institute called on the IRS and the US Treasury to use their authority under section 6654(e)(3)(A) to grant penalty relief.

Bill Pirolli Elected to American Institute of CPAs’ Top Post and Will Also Serve as Vice Chair of Association of International Certified Professional Accountants NEW YORK--(BUSINESS WIRE)--William ...