Depend on nothing; love, law and the slammer; financial whizzes; and other highlights of recent tax cases.

The service is cautioning taxpayers against claiming exaggerated deductions for purported donations of artwork, as it sees a rise in such schemes.

Learning to use the Federal Reserve's new payment system can be a competitive advantage for firms.

The 2022 law created two new credit delivery mechanisms, allowing governments, nonprofits and other entities to take advantage of the credits.

Neither the IRS nor Congress has specifically addressed the tax deductibility of ransomware payments made to hackers, nor has FASB.

The worst five states for tax preparer scams averaged more than 32 million reported scams in 2023.

The 'beneficial ownership' disclosure requirements are a challenge for both small businesses and accountants.

Firms need to develop new retention strategies, pairing automation with the changing role of the accountant.

Nearly half the leaders of corporate tax departments believe they're severely under-resourced when it comes to technology and hiring, according to a recent survey.

Over 40 technology leaders discussed their recent accomplishments and plans for the future, and nearly all of them involved AI in some form, mostly for insights and workflow automation.