84% of execs trust AI is accurate, but 26% also say errors have reached board or external audiences
Despite high confidence from leaders in AI outputs, more than a quarter of executives said internal audits have detected AI errors that reached external audiences or the board.

FinCEN ends beneficial ownership reporting
The Treasury Department's Financial Crimes Enforcement Network issued a final rule permanently removing the requirement for U.S. companies and people to report beneficial ownership information.

In the blogs: Are you ready for some football betting?
Synthetic voices; CRAT; cross-border commerce; and other highlights from our favorite tax bloggers.

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.

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.