Tax Fraud Blotter: Bone of contention
Private camp and shooting club; The Electric Slide; ghost employee; and other highlights of recent tax cases.

AICPA wants guidance on reporting gambling gains and losses
The American Institute of CPAs asked the Treasury and the IRS for guidance on the method for substantiating gambling gains and losses.

SEC proposal to exempt companies from internal control audits sparks pushback
Audit and accounting firms are concerned about recent proposals from the SEC and NYSE that would reduce the need for both external and internal auditors.

Preparing CAS teams for AI: Moving beyond software training
The first step in upskilling CAS professionals for the AI-enabled tech stack is not to design or source training, it's to define the firm's workflow.

IRS ups 401(k) limits to $25,500 for next year
The Internal Revenue Service has increased the amount individuals can contribute to their 401(k) plans in 2027 to $25,500, up from $24,500 for 2026.

10 Days to a Better Firm: Cash is king
The 2026 Best Firms to Work are not afraid to put their money where their mouths are, from holiday bonuses and work anniversary gifts, to sales rewards and new hire referral bonuses.

UN chief calls for windfall taxes on 'unjustifiable' energy profits
Energy sector profits that swelled alongside global conflicts are "morally unjustifiable" and should face additional taxes to fund climate measures, according to United Nations Secretary-General António Guterres.

IRS to extinguish FIRE next week
November 19 will mark the final day that people will be able to file information returns through the IRS FIRE system, as it will be permanently retired and replaced with the IRIS system instead.

AI isn't a tool. It's a hire.
AI has largely been presented as a tool: something a person opens, prompts and operates. But after running a head-to-head experiment with a tax firm, we found for recurring tasks a more useful frame is AI as a hire.

Current acquires tax firm for expats
The Top 50 Firm, formerly known as Crete Professionals Alliance, acquired Greenback Expat Tax Services, a firm specializing in tax preparation for Americans living abroad.