Speedy sentencing; WWTF; no longer Confident; and other highlights of recent tax cases.
Category: NYT Accounting News
IRS, Treasury finalize rules on energy tax credit transfers
The Internal Revenue Service and the Treasury Department released final regulations on the transfer of clean energy manufacturing, investment and production tax credits, with specific rules for partnerships and S corporations.
Senators introduce bill to simplify IRS notices
Sens. Cassidy and Warren teamed up to introduce legislation aimed at making math error notices from the IRS easier to understand.
Which generative AI model did best on the CPA exam?
A recent experiment tested different generative AI models against each other on the CPA Exam and found they each have their own strengths and weaknesses.
Tax reporting transparency reaches a tipping point
Regulators, investors and the public are demanding ever greater tax transparency, and companies must navigate evolving, complex reporting requirements around the globe.
IRS Appeals forms new resolution office
The IRS has long offered alternative dispute resolution, but says use has declined in recent years, and it hopes to make it more attractive and accessible.
Clients’ strangest ideas about taxes
Turns out clients are as mistaken about tax preparers as they are about taxes.
Practice Profile: Daydreamers and envelope-pushers
Lindsay Stevenson’s transformation team drives innovation for Top 50 Firm BPM
TIGTA helps uncover $3.5B tax scheme
Its investigators identified a scheme to improperly claim COVID relief tax credits.
Thomson Reuters adds gen AI to Checkpoint Edge
Thomson Reuters announced the release of CoCounsel, a generative solution within Checkpoint Edge meant to help tax professionals with complex research.