IRS guidance permits tax professionals to use AI tools but holds them fully responsible for accuracy, confidentiality, and verification—shifting automation benefits to liability risk.
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Tax, trade, and sanctions policy are increasingly executed within finance systems themselves rather than as external compliance deadlines, reshaping how accountants and CFOs manage regulatory requi...
GAO report reveals IRS cannot reliably identify AI-generated comments in public feedback on proposed tax regulations, raising concerns about regulatory capture and authentic stakeholder input.
Blake Oliver warns that IRS Circular 230 guidance on AI use by tax practitioners creates compliance risks for firms still billing hourly, potentially forcing a shift away from time-based billing mo...
UK's Making Tax Digital framework examined for compatibility with AI agents and automation in tax compliance; questions raised about whether regulations support modern AI-driven workflows.
Coinbase's Lawrence Zlatkin discusses new Form 1099-DA requirements for crypto taxation, cost basis challenges, stablecoin reporting inefficiencies, and policy advocacy in Washington for tax profes...