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Let’s face it: Clients of accounting firms come with unique, continuously evolving needs, which can make streamlining operations something of a moving target. But in the...
A federal court has greenlit the Internal Revenue Service to serve a John Doe summons on JustAnswer LLC, seeking information about U.S. taxpayers who were paid...
Institutional investors are harvesting ETF losses for tax purposes, then placing their assets in highly correlated funds — regardless of so-called wash-sale restrictions, a new study...
The Internal Revenue Service issued final regulations for sales and exchanges of digital assets on the new Form 1099-DA for decentralized finance brokers, along with transition...
While artificial intelligence has intrigued humans for centuries, it was not until the past few years that AI has undergone explosive growth in every field, led...
Intuit announced new features for QuickBooks Online Accountant, including automated summaries of support calls between clients and experts. The solution now supports automated call summaries directly...
Crypto reporting enters a new phase on Jan. 1, 2025, the effective date for the new 1099-DA and finalized reporting regs. Brokers, traders, banks, wallet hubs,...
It’s been almost a year since Archer-Daniels-Midland Co. disclosed a probe into its accounting practices that wiped out $12 billion from one of the world’s largest...
What happens when the world of accounting meets the world of fintech? Sparks fly! Together, they’re rewriting the rules and creating something entirely new. Fintech is...
Draft instructions for Form 6765, “Credit for Increasing Research Activities,” a.k.a. the research credit, are available for comment. The Internal Revenue Service is seeking feedback on...
