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Conference Speakers Address the Pros and Cons of AI in Tax Practice
Taxation
"No" was the short answer to the question posed by a session titled, “Will Artificial Intelligence Take Over Tax…
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IRS Confronts Possibility of Government Shutdown as Tax Season Gets Underway
Taxation
IRS Commissioner Danny Werfel has warned that a failure to continue to fund the government, and the resulting shutdown of…
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Conference Speakers Consider the Tax Implications of Digital Assets
Taxation
The staking and mining of digital assets were among the issues discussed by two speakers at the Foundation for Accounting…
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IRS Delays Reporting Requirements for Digital Assets Until Regs Are Issued
Taxation
The U.S. Department of the Treasury and the IRS announced that businesses do not have to report the receipt of digital…
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Congressional Tax Committee Chairs Agree to Expand Child Tax Credit
Taxation
The chairs of the two congressional tax-writing committees reached an agreement to extend a number of expired tax credits…
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IRS Provides Initial Guidance for Pension-Linked Emergency Savings Accounts
Taxation
The IRS has provided initial guidance to aid employers in establishing pension-linked emergency savings accounts (PLESAs),…
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IRS Credits Its Enforcement and Recovery Successes to Increased Funding
Taxation
The IRS, touting its progress toward better enforcement as a result of funding provided by the Inflation Reduction Act,…
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IRS to Accept Business Tax Returns Before the Official Start of Tax Season
Taxation
The IRS plans to accept business tax returns on Jan. 16, before the official start of tax season, Accounting Today…
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National Taxpayer Advocate Notes Progress in Phone Service and Reduced Backlog But Says Challenges Remain
Taxation
National Taxpayer Advocate Erin Collins has issued her 2023 Annual Report to Congress, finding that the IRS has made great…
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