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Big Four Agree: AI Will Not Replace Accountants
Accounting
The Big Four accounting firms are investing heavily in generative artificialintelligence (AI), but the technology will not…
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IRS Issues New Warning to Tax Pros About Identity Theft
Taxation
The IRS has issued a new warning, urging tax professionals to spot and understand the signs of data theft so that they can…
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IRS Seeks to Improve Dispute Resolution Programs
Taxation
The IRS is asking the public for suggestions on how to improve its existing post-filing alternative dispute resolution (ADR)…
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SEC Chair Discusses Potential Impact of AI Tools on the Financial System
Trusted Professional
Securities and Exchange Commission (SEC) Chair Gary Gensler discussed some of his concerns about the impact of…
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IRS Issues Guidance for Home Energy Credit Requirements
Taxation
The IRS has issued guidance on claiming the energy efficient home improvement tax credit. This credit was one of many clean…
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Regulatory Roundup: August 1-7
Regulatory Roundup
AICPA AICPA and NASBA to Launch Learning Program Designed to Ease Path to CPA LicensureAug 06, 2023 AICPA Pushes for ERC…
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TIGTA: IRS Not Tracking Transport of Sensitive Tax Information, Risking Data Breaches
Taxation
The IRS is violating its own guidelines on transporting sensitive tax information between processing centers, potentially…
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IRS Issues Proposed Regulations to Target Monetized Installment Sale Transactions
Taxation
The IRS has issued proposed regulations concerning monetized installment sale transactions. The proposed regulations,…
Read More
SALT Deduction Cap Continues to Roil Congress
Taxation
Congressional Republicans continue to be locked in an intraparty fight over the fate of the state and local tax (SALT)…
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