New pilot programs will test changes to existing alternative dispute resolution (ADR) programs, including fast-track settlements (FTS), the IRS said Wednesday in Announcement 2025-6.

The IRS said it used feedback from tax advisers to write the proposed regulations, which include new multiyear tax reporting requirements.

The final regulations, which include 24 exceptions to consideration of federal tax controversies by the Independent Office of Appeals, generally follow the proposed regulations issued in October 2022.

The SEC’s Office of the Chief Accountant is accepting applications for Professional Accounting Fellow positions that will begin in the summer of 2025.

The regulations provide guidance on determining who is one of the “five highest compensated employees” under Sec. 162(m)(3)(C).

The final regulations implement Sec. 2801, added to the Code in 2008, and follow up on proposed regulations issued 10 years ago.

IRS Commissioner Danny Werfel announced Friday that he would resign. Werfel, appointed to the role in early 2023, had two years left on his term. He said in a message to employees: "After significant ...

Finance leaders at larger companies are beginning the new year with renewed optimism. Almost three-fourths of CFOs think the economy will improve over the next year, according to Deloitte's fourth ...