AICPA wants changes in corporate AMT rules
The American Institute of CPAs asked the Treasury and the IRS to revise three of their recent notices on the corporate alternative minimum tax.

IRS proposes rules on employer contributions to Trump Accounts
The proposed regulations clarify nondiscrimination requirements for employers offering Trump Account contribution programs and dependent care assistance.

Firms, accountants divided on AI but perhaps not for long
Recent data indicates that the profession is starting to diverge in how it relates to and uses AI, with heavy users on one end and light users on the other, but it may not stay this way for long.

Fuel tax compliance is becoming a strategic risk
Crude oil volatility, gas tax holidays, and a handful of states that tie their tax rate to inflation can shift a client's monthly liability by six figures.

Mamdani's NYC pied-a-terre tax temporarily blocked by judge
The suing homeowners said the city caused "mass confusion" with its identification of thousands of properties potentially subject to the tax on second homes.

New chairs named for IASB, IFRS Foundation
The International Financial Reporting Foundation named Steven Maijoor as the next chair of the IFRS Foundation Trustees, and Sam Woods as chair of the International Accounting Standards Board.

UHY strengthens CAS practice
UHY acquired Michigan CFO Associates in Clinton Township, Michigan, expanding the Top 50 Firm's advisory capabilities.

Keep, rent, gift or sell? Second-home tax creates ripple effects in planning
New York City's new pied-à-terre tax is prompting financial advisors to help wealthy clients reassess their options, from residency status to estate plans.

FASAB seeks new executive director
The Federal Accounting Standards Advisory Board is looking for a new leader to succeed its current executive director, Monica Valentine, who plans to retire at the end of this year after over 35 years at FASAB.

IRS to promote Saver's Match under TrumpIRA program
The IRS and the Treasury want taxpayers to take advantage of the federal Saver's Match program for retirement accounts as part of the new TrumpIRA.gov website.