Category: NYT Accounting News

A windfall in corporate profits for the largest banks has led to billions in extra tax revenue for New York City, shrinking the city’s budget shortfalls.

Shakira’s fight with Spain’s tax agency is set to head to the country’s highest court after authorities challenged an earlier ruling in the singer’s case.

The former IRS contractor pleaded guilty to stealing Trump’s tax data and leaking it to the New York Times before the 2020 election.

Basis, an AI agent platform for accountants that reached a $1.15 billion valuation, debuted a website that provides a tribute to the accounting profession.

The Council of the District of Columbia unanimously advanced Bill 26-494, which now awaits the review of the D.C. mayor and Congress.

Back-to-school haircuts; two revenue books; voluntary surrender; and other highlights of recent tax cases.

Financial Accounting Standards Board chair Richard Jones is preparing for new agenda projects as well as the likelihood of a semiannual reporting option.

The Internal Revenue Service has raised the optional 2026 standard mileage rates for deducting expenses for the remainder of the year thanks to inflation.

As AI gets more integrated into accounting firm operations, you need people who already know how to work with AI, and how to give the right prompts and commands.

Blanche said he didn’t know who at the Justice Department wrote the language providing immunity from tax audits, though he signed the agreement approving it.