Carcaught; a big shank; this order’s definitely to go; and other highlights of recent tax cases.
Day: December 1, 2025
Some gamblers to face new tax on ‘money they never made’
A tweak to the deductibility of gambling losses may not bring in a lot of tax revenue, but it could certainly alter a lot of wagers next year.
Students’ misconceptions drive them away from accounting
A study found that students underestimate the audit profession’s attractive aspects and overestimate its less appealing aspects.
Why accountants who adopt AI are leading the next era of AP
Adding AI shouldn’t be about throwing automation at a problem. It’s more about how accountants use it evolve.
Trump signs IRS MATH Act into law
The law requires the IRS to provide a clear explanation of tax-filing errors to taxpayers on its math error notices.
OpenAI Takes Stake in Thrive Holdings, a Buyer of Services Firms
The move by the parent company of ChatGPT is meant to help imbue Thrive Holdings’ accounting and I.T. services companies with artificial intelligence tools.