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High Court Considering Case on Whether IRS Can Secretly Obtain Bank Records of Taxpayer's Relatives
Taxation
The U.S. Supreme Court recently heard arguments in the case of Polselli v. IRS, and the ruling will determine the limits of…
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Republican Bill Would Strip Away IRS Funding in Exchange for Debt Ceiling Increase
Trusted Professional
House Republicans have introduced legislation to claw back much of the $80 billion in Inflation Reduction Act funding for…
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Study: In-Person Work Provides Feedback That Is Particularly Beneficial to Junior Employees
NextGen
In what is one of the first major studies to demonstrate the professional downside of remote work, remote workers may be…
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New ChatGPT Software Can Write Emails for Accountants
Trusted Professional
Software provider Canopy has integrated ChatGPT into its accounting practice management software, which allows it to write…
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Regulatory Roundup: April 18-24
Regulatory Roundup
AICPA AICPA Endorses Bipartisan Bill to Expand Use of 529 Savings PlanApril 19, 2023 CBO Cost EstimateH.R. 1338, SAT…
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AICPA Seeks Clarity from IRS About Tax Treatment of Crypto Losses
Taxation
In a letter to IRS Commissioner Daniel Werfel and Principal Deputy Chief Counsel William Paul, the AICPA has asked…
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Proposed Bill Would Allow Many More Performing Artists to Deduct Work-Related Expenses
Taxation
A bipartisan piece of legislation, introduced in the House of Representatives on Wednesday, would enable more performing…
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Employers Will Need to Prepare for New Workplace Regulations
NextGen
Three new proposed regulations, intended to make for a fairer workplace for employees, present challenges for employers,…
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CFOs May Be Slow to Adapt to AI and Other Technology Tools
Trusted Professional
Artificial intelligence (AI) and other nascent technologies have applications and implications for chief financial officers,…
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