Category: NYT Accounting News

Two different studies recently pitted human CPAs against AI models in tests of accounting acumen, and while their results varied dramatically, both agreed that AI was still no substitute for living accountants.

The IRS needs to do more to identify and take action to protect taxpayers from preparers who don’t sign their clients’ returns, according to a new GAO report.

The Internal Revenue Service intends to host a series of webinars, videos, guidance and tools starting the week of Oct. 19 in preparation for next tax season.

The IRS anticipates the refund process for most eligible taxpayers to be complete by the end of this year in the latest payout ahead of the midterms.

The Doug LaMalfa Federal Disaster Tax Relief Certainty Act can help clients with disaster losses and wildfire settlements, but be careful about the rules.

Fugitive from justice; private school tuition; without clients’ knowledge; and other highlights of recent tax cases.

After the Senate passed the Taxpayer Assistance and Service Act by unanimous consent, the bipartisan bill is now in the hands of House lawmakers.

The Internal Revenue Service is providing relief on federal tax penalties on sales of dyed diesel fuel in response to an executive order from President Trump.

The Internal Revenue Service is closely examining the tax strategies used by some exchange-traded funds, according to a recent notice and revenue ruling.

Allocated costs can distort replacement or reproduction cost new estimates, depreciation analyses and valuation conclusions.