The IRS released new guidelines on responsible AI use in federal tax practice, including warnings about hallucinations and made-up sources—prompted by Deloitte's citation of fake cases.
CPA speaker at LatinoTaxFest emphasizes that accountants who embrace AI for client context will outcompete rivals offering generic tax solutions; positions AI as a tool requiring human expertise ra...
Panel of accounting and finance leaders discusses practical AI adoption challenges, with a CPA firm leader and manufacturing CFO sharing real-world deployment experiences.
Taxfyle rolled out Plan, an AI-powered tax strategy platform for RIAs that integrates planning, reporting, and filing through a network of 7,200+ CPAs and EAs in a single workflow.
Inflo and HubSync partner to merge digital audit and tax workflows, unifying client data collection, validation, testing, and reporting for accounting firms.
IRS Office of Professional Responsibility released formal guidelines on Wednesday governing how tax professionals must use generative AI in practice, marking first regulatory framework for AI adopt...
Taxfyle debuts Plan, an AI-driven tax strategy platform designed to automate manual tax planning workflows for registered investment advisors, replacing time-intensive manual processes.
Blue J and CPA.com survey shows tax firms have moved from experimenting with AI to embedding it as core workflow—adoption rate nearly doubled year-over-year.
IRS releases draft guidance requiring tax firms to verify AI outputs and share cost savings with clients, establishing first regulatory framework for AI use in tax practice.
IRS advisory committee recommends sustained funding for AI tools while implementing preparer regulation and fraud prevention safeguards in tax administration.
Adam Cohen argues that AI tax initiatives fail without robust document management infrastructure, identifying a critical gap in most organizations' automation strategies.
Tax firms are pivoting from compliance-only services to AI-powered advisory offerings, with emphasis on aligning technology adoption with client demands rather than firm-centric automation.
CPAs should use AI to streamline R&D credit documentation and analysis but must retain responsibility for professional judgment and Circular 230 compliance.
As AI agents handle tax filing, unclear liability rules emerge: who bears costs when algorithms make errors—taxpayers, software vendors, or accountants?
Electronic Tax Administration Advisory Committee recommends predictable multiyear IRS funding, expanded AI use with safeguards, and tax code simplification to ease practitioner and taxpayer burden.
Verito and Juno integrate traceable AI for tax prep that automates document intake and return population while maintaining full auditability and preparer control.
FreeAgent ships VAT improvements with AI checker ahead of April 2026 MTD rollout for UK sole traders; Dext adds compliance-aligned AI baseline as vendors compete on automation for small business co...
Sovos examines AI's role in accelerating sales tax research and determination, concluding that while AI reduces manual research time, practitioners cannot fully rely on AI without expert human vali...
Monity's Polina maintained independence while partnering with United Accountants to automate spreadsheet-heavy tax and bookkeeping workflows, improve compliance processes, and scale operations for ...
As taxpayers increasingly use AI to prepare returns, the accounting profession has failed to establish quality control or validation processes, raising accuracy and liability concerns.