IRS offers guidance on nominating opportunity zone tracts
The IRS and Treasury are providing guidance on how states, territories and the District of Columbia can nominate census tracts to be qualified opportunity zones.

FASB adds research project on data infrastructure and private credit
The Financial Accounting Standards Board is studying current trends and emerging issues in data infrastructure investments and nontraditional lending.

IRS extends Business Tax Accounts to partnerships, nonprofits and government entities
The Internal Revenue Service expanded its Business Tax Accounts to partnerships, tax-exempt organizations, and federal, state, local and tribal governments.

Wisconsin licensure law goes into effect
Wisconsin Governor Tony Evers signed a bill into law on April 3, establishing an additional pathway to CPA licensure.

Strategy posts $14.5B unrealized loss in Q1
The Bitcoin accumulator adopted accounting standards last year that require changes in the fair value of its holdings to flow through earnings.

Robinhood, BNY Mellon tapped to run Trump accounts
The Internal Revenue Service said that the funds should have annual fees and expenses of no more than 0.1%.

Sax acquires Faz Forensics
The Top 75 Firm acquired Faz Forensics, a forensic accounting, valuation and litigation support firm, effective March 20.

Looking ahead to a global profession
Jen Leary, CEO of Top 15 Firm CLA, looks at the challenges and opportunities surrounding the accounting profession, and how her firm is navigating them.

Aprio adds CAVU Advisors
Top 25 Firm Aprio is expanding its services for government contractors by combining with Maryland-based CAVU.

Tax season 'progressing smoothly,' says IRS
The Internal Revenue Service is providing 'outstanding service' this season, according to CEO Frank Bisignano.