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Category: NYT Accounting News
Crypto cost basis gaps create civil and criminal tax exposure
The IRS can broaden the audit, and, in the wrong fact pattern, frame the issue as deliberate concealment rather than poor recordkeeping.
MACPA turns 125
The Maryland Association of CPAs celebrated its 125th anniversary on Feb. 12, 2026.
Halfpricesoft rolls out latest version of ezW2Correction software
Halfpricesoft, an accounting and payroll solutions provider, announced the latest version of its ezW2Correction software, which is intended to assist with file corrections for years 2015 to 2025 tax forms at one flat rate.
AICPA wants IRS to simplify rules for controlled foreign corporations
The Institute is asking the Treasury and the Internal Revenue Service to simplify the “determine and document” requirement for taxes charged to CFCs.
Tax enforcement chiefs warn about crypto trading and payments
The Joint Chiefs of Global Tax Enforcement issued a pair of advisories on how OTC crypto trading desks and payment processors can hide criminal activity.
Frazier & Deeter makes plans for acquisitions
The Top 50 Firm based in Atlanta is absorbing three acquisitions it made last year while planning on future dealmaking.
AI Native Accounting Foundation launches to cut AI hype
The independent nonprofit is devoted to helping professionals move past hype and into concrete practical implementations of artificial intelligence technology.
GT sells quality management platform to Tellen, will continue using it
Grant Thornton has sold its quality management application qm.x to accounting AI software company Tellen, though the firm will keep using it.
IRS improperly shared taxpayer data with DHS
The Internal Revenue Service improperly disclosed confidential taxpayer information on immigrants to the Department of Homeland Security.