Private equity in the profession; green cards and exit taxes; governance for preparers; and other highlights from our favorite tax bloggers.
Day: June 17, 2025
Oil industry gets $1B tax tweak in GOP’s Senate bill
The provision would allow energy companies subject to a 15% corporate alternative minimum tax to deduct certain drilling costs when calculating taxable income.
Tax pro coalition urges Treasury to stabilize IRS
A group of tax organizations, including the NATP and NAEA, hopes to preserve the core tax functions relied on by tax professionals despite cutbacks at the IRS.
KPMG launches multi-agent AI platform Workbench
Big Four firm KPMG announced the launch of its new multi-agent AI platform, Workbench, which will serve as a foundational and single AI platform.
Tipalti buys Statement to add treasury automation capacities
Payments platform Tipalti announced it has acquired Statement, an AI-powered treasury automation solution.