AI beats human accountants at monthly close, transaction categorization
Two different studies recently pitted human CPAs against AI models in tests of accounting acumen, and while their results varied dramatically, both agreed that AI was still no substitute for living accountants.

IRS urged to crack down on 'ghost preparers'
The IRS needs to do more to identify and take action to protect taxpayers from preparers who don't sign their clients' returns, according to a new GAO report.

IRS plans Tax Professional Awareness Week
The Internal Revenue Service intends to host a series of webinars, videos, guidance and tools starting the week of Oct. 19 in preparation for next tax season.

IRS sends automatic refunds to taxpayers claiming adoption tax credit carryforward
The IRS anticipates the refund process for most eligible taxpayers to be complete by the end of this year in the latest payout ahead of the midterms.

Congress extended disaster tax relief. Which returns deserve a second look?
The Doug LaMalfa Federal Disaster Tax Relief Certainty Act can help clients with disaster losses and wildfire settlements, but be careful about the rules.

Schwab prepares its own version of tax strategy used by the rich
Tax-loss harvesting strategies have grown so rapidly that regulators are getting worried. The IRS issued an array of warnings to Wall Street last month.

Felon ran $1.5B tax scam, then bought Rolls Royce
A Texas felon was charged with running a tax scam, using the proceeds to buy a 2021 Rolls Royce Ghost and make a down payment on an Ocean Alexander 28E yacht.

NetSuite launches free platform for tech startups
Oracle NetSuite announced NetSuite QuickStart, a free AI-driven finance solution built specifically for early-stage technology startups.

Tech news: BizBuyData will pay accounting firms for data to train AI
Plus, Clark launches Material Intelligence AI that stays active throughout an audit; Digits launches Write MCP; and other accounting tech news and updates.

Accountants United to End Cancer Council to converge in Central Park
Accountants will be gathering this Sunday in Central Park for the Making Strides Against Breast Cancer Walk to raise money for the American Cancer Society.