In the blogs: The Wizard of OZes
Capital investment booming; lawsuits may be incoming; offer in compromise is real; and other highlights from our favorite tax bloggers.

Accrual launches Arc AI for accounting workflows
Accrual announced the release of its agentic platform Arc, which allows agents to complete complex multistep workflows.

IRS overpays for noncompetitive bridge contracts
The Internal Revenue Service doesn't adequately track its use of bridge contracts, a type of noncompetitive contract, even though it's spending billions on information technology through such contracts.

Audit committees focusing on emerging risks like AI
While AI oversight is growing, readiness among the committee members is still in the process of development, according to a new survey by the CAQ and Deloitte.

IRS attracted thousands to Nationwide Tax Forums
The Internal Revenue Service attracted nearly 13,000 attendees to its Nationwide Tax Forums, which wrapped up last week in San Diego.

Sorren launches law firm
The private equity-backed Top 50 Firm launched a legal services practice called Sorren Law that will serve clients in Nevada, Idaho and Texas.

The fastest way to bring AI to accounting? Stop selling it
Accounting has discovered one of the strangest growth problems in business: more customers than it can serve.

Tax Strategy: So, who is a limited partner, anyway?
The Fifth Circuit has changes its mind on who is a limited partner for self-employment tax purposes.

Open Tax Technology Alliance launches with free 1040 engine
Filed and Crimson Tree have joined forced to launch the Open Tax Technology Alliance, which promotes open source software in the accounting space. The group has also released a free tax engine and open data standard.

PCAOB's Logothetis: AI can only do part of an auditor's job
The Public Company Accounting Oversight Board's chair, Jim Logothetis, thinks artificial intelligence will actually make accounting stronger.