The IRS has been examining only a tiny fraction of tax filings from large partnerships due to staffing shortages and other resource constraints.
A majority of accounting firms say they are changing their messaging around pricing as clients increasingly question their cost models in the age of AI efficiencies.
Approximately 1.4 million taxpayers have received notices that their tax refunds are being delayed because the IRS wants direct deposit information.
The Internal Revenue Service's efforts to leverage artificial intelligence are running into obstacles thanks to the severe cuts in staffing and budgets.
The Top 100 Firm acquired New Jersey-based Cg Advisory, expanding its platform's presence in the Northeast.
CPAs dealing with the new 1099-DA rules this year are challenged by the fact that they only report gross proceeds this year, leaving them and their clients to calculate cost basis themselves.
