Featured News
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IRS ends annual scam list with easements, digital assets
The IRS concluded its annual list of 12 scams and schemes by covering two broad categories: bogus tax-avoidance strategies and schemes with an international element.
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AI assistant helps tax professionals prioritize tasks
CPA Pilot's new AI tax assistant leverages advanced algorithms to analyze data and offer precise insights quickly, allowing tax professionals to prioritize strategic tasks.
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IRS warns high-income filers of common tax traps
As part of the Dirty Dozen campaign, the IRS warned wealthy individuals about three tax traps designed for them by dishonest promoters and shady tax practitioners.
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PCAOB proposals seek more disclosures from firms
New PCAOB proposals cover 11 firm and engagement metrics as well as new annual and special reporting requirements in five key areas.
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Wisconsin DECA seeks volunteer judges for virtual event
Wisconsin DECA is seeking volunteer judges for its Virtual Expect Excellence practice event on Tuesday, April 16, and Wednesday, April 17.
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Two home energy rebates not included in gross income, IRS says
The IRS said it will not include the rebates provided under the Inflation Reduction Act of 2022 in individual purchasers’ gross income or in the cost basis of the property purchased.
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WICPA joins AICPA in letter concerning BOI rollout
In a letter addressed to Treasury and FinCEN, the AICPA and all other state CPA societies voiced serious concerns regarding the enforcement of the BOI reporting requirements.
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IRS makes changes to Transcript Delivery System
The IRS recently informed tax professionals that they will need to call the Practitioner Priority Service (PPS) to request the deposit of transcripts into their Secure Object Repository (SOR).
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Study: Using AI in accounting poses audit risks
According to the Center for Audit Quality, CFOs see the value of generative artificial intelligence but may not fully grasp its audit risks.
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Report: Small Businesses showed slight job growth in March
Hiring by small businesses rose slightly in March, while hourly earnings growth continued a steady decline that began in mid-2022.