In the blogs: If you make it here …
Most magical place; Amazon warehouses; paper or plastic; and other highlights from our favorite tax bloggers.

GASB videos help gov't officials navigate financials
The Governmental Accounting Standards Board debuted a series of videos to help officials understand the information included in government financial reports.

Court rules micro-captives not listed transactions
A judge ruled the IRS can't classify micro-captive insurance as a listed transaction, but allowed classifying it as a "transaction of interest."

Insurers eyeing AI risk at CPA firms
While the specific impacts are still being determined, professional liability insurers that cover CPA firms increasingly are coming to a consensus that AI is a source of risk that must be controlled by strong governance.

Kentucky passes CPA pathway bill
Kentucky has become the latest state to pass legislation offering an alternative pathway to qualifying for a CPA license to broaden the talent pipeline.

Prediction markets step up lobbying to fight stricter rules
Officials in some states are seeking to regulate prediction markets like casinos, requiring the companies to apply for state licenses and pay state taxes.

Where smart CPA firms are getting stuck
The firms that survive and thrive in the next 10 years won't be the ones with a great strategy alone.

US opens portal for tariff refund claims
Businesses can file their claims for refunds on the tariffs they paid under the emergency powers that the Supreme Court has since ruled unconstitutional.

Ineligible businesses getting payroll tax credits
Small businesses that don't qualify for a payroll tax break are still receiving it, despite the IRS's efforts to stop them, according to a new report.

IRS updates guidance on educational assistance programs
The IRS posted an updated fact sheet on the tax rules surrounding educational assistance benefits after the passage of the One Big Beautiful Bill Act.