The Internal Revenue Service's efforts to leverage artificial intelligence are running into obstacles due 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.
The Internal Revenue Service vastly overstated the projected costs of operating the free tax prep program before terminating it, according to a new report.
The Internal Revenue Service issued a revenue procedure on how businesses can take advantage of new tax breaks offered by the OBBBA and withdraw elections made under the old rules.
A Texas judge struck down a rule requiring professionals engaged in real estate closings and settlements to report information about nonfinanced transfers.
