SCOTUS bars bankruptcy clawback from IRS
The Supreme Court overturned a number of lower courts to say a bankruptcy trustee can’t get misappropriated funds back from the Internal Revenue Service.
Why IRS cuts may spare a unit that facilitates mortgages
An Internal Revenue Service division that helps authorize the release of tax transcripts used in lending through form 4506-C is tied to core functions.
AI in accounting: Weighing the pros and cons
Experts at a recent AICPA symposium dove into the upsides and the downsides of artificial intelligence.
In the blogs: Many hats
Teaching fraud; easement settlement offers; new blog on the block; and other highlights from our favorite tax bloggers.
House passes tax administration bills
The House unanimously passed six bipartisan bills concerning taxes and the IRS, four of which were endorsed by the AICPA.
Is gen AI really a SOX gamechanger?
By streamlining tasks such as risk assessment, control testing, and reporting, gen AI has the potential to increase efficiency across the entire SOX lifecycle.
FASB offers revenue guidance for construction contractors
The Financial Accounting Standards Board released a paper on how to apply its revenue recognition standard to construction contracts with retainage provisions.
Small business wage growth stayed flat in March
Hourly earnings and job growth for workers in small businesses remained mostly unchanged last month, according to payroll provider Paychex.
M&A roundup: EisnerAmper and GTM expand
EisnerAmper added Prague & Co.; and GTM acquired the state income tax practice of DMA.
Fashion-tech startup teeters as CEO resigns over fraud claim
Retail entrepreneur Christine Hunsicker resigned from CaaStle after the startup’s board of directors alleged she misrepresented the company’s performance.