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Latest News & Web Pages
Some short sellers are seeing opportunity in this tech mania. How they're spotting fake AI stocks
5+ hour, 24+ min ago (767+ words) Short sellers are increasingly hunting for cracks beneath the stock market's artificial-intelligence frenzy, betting that some of the speculative excesses, copycat "AI" branding and vulnerable legacy business models could eventually unravel. As billions of dollars flood into data centers, semiconductors…...
Long-stalled crypto market bill wins key Senate committee vote
1+ hour, 50+ min ago (306+ words) The Senate Banking Committee advanced a landmark digital asset market structure bill Thursday after months of negotiations, signaling fresh momentum for the long-stalled measure. The bipartisan committee vote will likely be cheered by the crypto industry, which has long sought…...
IRS creates significant issue ruling program
22+ hour, 41+ min ago (178+ words) The IRS cautioned that the "significant issue" needs to be a "germane and specific issue of law," and wouldn't merely be a "comfort ruling" to reassure corporate taxpayers or "the conclusion in such a ruling otherwise would not be essentially…...
A great employee to work for
23+ hour, 17+ min ago (214+ words) I've been thinking of all this because of some sad news: Our longtime managing editor, Danielle Lee, has left Accounting Today to become editor-in-chief of a sister publication, Employee Benefit News; she switched roles just last week (though she'll still…...
IRS outlines terms of settlement in easement disputes
1+ day, 1+ hour ago (604+ words) The Internal Revenue Service provided more details Wednesday about the settlements it's offering for a limited time to taxpayers involved in syndicated conservation easement and historic preservation claims disputed by the IRS as tax shelters. The tax law allows an…...
Why didn't offshoring work out the first time?
1+ day, 4+ hour ago (527+ words) Dun & Bradstreet's widely cited Barometer of Global Outsourcing report found that 20% to 25% of all outsourcing relationships fail within two years, and 50% fail within five years." When an offshoring relationship goes south for an accounting firm, it's natural to blame the…...
Poland stands by digital services tax, rebuffing US threats
1+ day, 4+ hour ago (463+ words) Poland will continue working on legislation to tax digital platforms, Finance Minister Andrzej Domanski said, despite threats of retaliation from the U. S. administration of Donald Trump. The legislation, which seeks to introduce a levy of up to 3% on digital platforms, has…...
Cohen & Co. expands in Michigan
1+ day, 4+ hour ago (338+ words) Top 50 Firm Cohen & Co. will acquire Troy, Michigan-based Gordon Advisors, making the state one of the firm's largest geographic markets. Gordon Advisors provides tax, assurance and advisory services to closely held and real estate entities in the middle market, and…...
Mamdani's NYC budget counts on taxing pricey second homes
1+ day, 4+ hour ago (493+ words) Most New Yorkers will not have to worry about seeing their property tax rates go up soon. But for a small number of those who own luxury second homes in the city, the prospect is still alive." Mayor Zohran Mamdani…...
In the blogs: Viruses are back!
1+ day, 20+ hour ago (147+ words) "Pied--terre" tax; warning shot; Section 122 tariffs; and other highlights from our favorite tax bloggers. Hit the road now The median fraud loss per case in the ACFE study was $104, 000, but the average loss per case was $1, 457, 000, while 20% had losses…...