Tax Fraud Blotter: Mother knows best
PTIN without permission; further the conspiracy; fictitious children; and other highlights of recent tax cases.

Supreme Court to hear case involving distilled spirit taxes
The high court has agreed to review a case involving an 1868 law that imposed taxes on distilled spirits while also banning home distilleries.

Modernizing the K-1 Ecosystem


ISSB proposes nature-related disclosures
The International Sustainability Standards Board issued a set of proposals on nature-related disclosures in conjunction with a UN climate change conference.

FASB proposes to clarify guidance on consideration payable to customers
The Financial Accounting Standards Board issued a proposed accounting standards update on consideration payable to a customer under the revenue recognition standard.

What I knew about your client before you ever called me
A former IRS Revenue Officer discusses what's already in the file, what to check first, and the mistakes that hurt clients.

Bill, Billtrust, Visa pilot AI payments without human authentication
Bill, Billtrust and Visa announced a live pilot to enable AI agents to initiate and complete approved buyer invoice payments end-to-end through supplier portals without the need for human authentication.

Nidec report points finger at founder for accounting scandal
A board committee report details how the electric-motor manufacturer became embroiled in financial turmoil.

US waives red diesel tax record requirements to entice buyers
The Trump administration hopes to encourage farmers, truck-stop operators and other companies to buy tax-exempt red diesel.

Thomson Reuters debuts new CoCounsel for tax, audit and accounting pros
Thomson Reuters announced the latest version of its CoCounsel for Tax, Audit and Accounting, which sports agentic capacities to write and run its own code to execute complex, multistep workflows.