Navigating the unresolved terrain of crypto accounting Crypto assets do not clearly meet the definitions of cash, financial instruments or inventory under GAAP, leaving preparers uncertain.
The Blanche order rewrote Trump's audit immunity If the DOJ can revise immunity language in one of the highest-profile tax settlements in memory, then no closing agreement your client is holding is immune.
IRS would create Business Child Care Liaison under new bill The wide-ranging Taxpayer Assistance and Service Act includes a requirement for a new IRS office to educate businesses about child care tax breaks.
Tax Fraud Blotter: Life imitates art One Range Rover, two Ferraris; quite a JOLT; live-video app; and other highlights of recent tax cases.
Carbon capture tax credit claims face long delays and rejections Companies claiming tax credits for carbon capture technology have been confronting heavy compliance requirements, prolonged waits and uncertainty.
Sorren adds two Nevada firms The Top 50 Firm acquired Persing Professional Group and Carefree Professional Practice Resources, expanding its presence in Nevada.
Smith + Howard completes investor flip The Top 75 Firm completed a flip of investors, with private equity firm Broad Sky Partners selling its stake to TPG, an alternative asset management firm.
IRS expands Business Tax Accounts The Internal Revenue Service is giving organizations more ways to view digital notices, make payments, and access and manage federal tax account info online.
Accounting: A career choice with timely optionality While the accounting profession has always been a great choice, it now has entered a particularly exciting period of revolutionary change largely driven by AI.
In the blogs: Ignorance of the law is no excuse Taxes don't pause; chaotic policy; larger tax burden; and other highlights from our favorite tax bloggers.
