Tax Fraud Blotter: Losing bets
Shamrock shake-up; now for the slow life; Superiority complex; and other highlights of recent tax cases.
IRS renews focus on targeting high-income nonfilers
IRS Commissioner Danny Werfel said Thursday that the effort will begin with compliance letters going out to high-income taxpayers in 125,000 cases where third-party information indicated federal tax returns have not been filed since 2017.
FAF reevaluates role of PCC
The Financial Accounting Council is reviewing the effectiveness of the Private Company Council, the group that advises the Financial Accounting Standards Board about the perspective of privately held companies.
NPAG national pipeline surveys open for responses
The National Pipeline Advisory Group pipeline surveys, intended to shape profession-wide efforts to tackle the accounting talent shortage, went live on Thursday.
Microsoft testing Copilot for Finance
Microsoft is making its Copilot for Finance generative AI solution available for public testing.
Tax policy wonks rejoice, wealthy households cringe at IRS audit push
A new GAO study adds more fuel to the research suggesting the agency should be probing more rich households. Tax pros say those efforts will have big implications.
Sage unveils host of new products, features and partnerships
Sage, the company behind Sage Intaact and other products, announced a host of new products, features and partnerships at its Las Vegas conference.
The key to reducing errors with AI: Technology acceptance
Emerging technology can help the finance function eliminate errors, but effective execution may hinge on companies cultivating a high level of acceptance among users.