Private camp and shooting club; The Electric Slide; ghost employee; and other highlights of recent tax cases.
Day: November 12, 2026
AICPA wants guidance on reporting gambling gains and losses
The American Institute of CPAs asked the Treasury and the IRS for guidance on the method for substantiating gambling gains and losses.
SEC proposal to exempt companies from internal control audits sparks pushback
Audit and accounting firms are concerned about recent proposals from the SEC and NYSE that would reduce the need for both external and internal auditors.
Preparing CAS teams for AI: Moving beyond software training
The first step in upskilling CAS professionals for the AI-enabled tech stack is not to design or source training, it’s to define the firm’s workflow.
IRS ups 401(k) limits to $25,500 for next year
The Internal Revenue Service has increased the amount individuals can contribute to their 401(k) plans in 2027 to $25,500, up from $24,500 for 2026.