Foreign gifts and penalties; FBARs and the Constitution; contention and confusion; and other highlights from our favorite tax bloggers.

A proposed ASU would update the guidance on accounting for software, specifically when it comes to developing software for internal use.

Thomson Reuters has made a major investment in Propense, an AI-powered cross-selling solution, which will enable the company to expand its reach among CPA firms.

Firms are increasingly turning to artificial intelligence to help with data management and security, but paradoxically, that technology can pose security risks of its own.

Dignari is a woman-owned firm specializes in digital ID and access management solutions for U.S. government clients.

ISO 42001 is a comprehensive framework concerning oversight of AI management systems in terms of security, ethics and accountability.

Top 50 Firm Schellman recently became the first U.S. firm accredited to certify compliance with the new ISO 42001 AI management standard.

Plus, Avalara announces AvaTax for Accounts Payable; Sage Copilot launches in U.S.; and other accounting technology news.

Artificial intelligence is transforming how firms manage tax returns, communicate with clients and handle administrative tasks.