It is imperative that accountants learn how to write effective instructions for generative AI applications like ChatGPT.

A. Microsoft Excel is best known for crunching numbers, but it’s also a powerful tool for organizing tasks. Checkboxes can ...

The 2025 tax software survey was completed between June 2 and June 20 by 2,011 AICPA members who prepared 2024 tax returns ...

The revenue procedure advises taxpayers how to make various elections, file amended returns, and change accounting methods as ...

The Ninth Circuit, affirming the Tax Court, recently held that to deduct a nonbusiness bad debt, the debt must be "wholly worthless," and if the debtor ...

Former firm owners share advice on how to exit the profession after a fulfilling career and set up the practice for success.

Experts in personal financial services recommend helping clients keep economic shocks in perspective, simplify their finances, and try out aspects of retirement life.

The Tax Court held that the taxpayer did not show that he pursued his rights diligently or was prevented by extraordinary circumstances from filing his petition timely.

The Tax Court denied a limited liability company's (LLC's) claimed charitable conservation contribution deduction under Sec. 170(h) for its donation of a ...

While the number of days the average employee is expected to work in the office approaches three, the number of days spent in ...

The IRS, which has lost about 25% of its workforce this year, is moving to fill some jobs by various means, including asking ...

The report by the Treasury Inspector General for Tax Administration called on the IRS to include more phone lines and to ...