Jason Bramwell

It's a question that's difficult to answer because the data the IRS collects to measure chatbot performance is unreliable, limiting the agency's ability to determine whether the applications are operating effectively, the Treasury Inspector General for Tax Administration says.

Jacob Wise, 29, of Riverview, MI, pleaded guilty to one count of wire fraud against the business where he worked as a financial controller.

Xero touted new AI-powered features within its agentic platform JAX that make it easier for small businesses and accountants and bookkeepers to keep their books clean, automate time-consuming financial workflows, and stay on top of cash flow.

The Public Company Accounting Oversight Board on Thursday revealed the names of the 12 people who will serve on its new Inspections Modernization Council.

Chicago Mayor Brandon Johnson released a statement on Thursday ripping the City Council Rules Committee for not letting voters have their say on the millionaire tax.

The final regulations identify certain arrangements claiming to be charitable remainder annuity trusts as "listed transactions," a specific type of abusive tax shelter that the IRS has formally identified as a tax-avoidance scheme.

The IRS on Wednesday announced a new automatic process that will provide penalty relief for taxpayers who have a history of filing and paying their tax debts on time instead of requiring them to request assistance.

If the average finance worker soon has more than 10 agents handling tasks on their behalf, enterprises will need to build an entirely new operating model that can effectively manage millions of agents at scale.

John Nonnemacher, a CPA who works at Snyder and Clemente in Sugarloaf, PA, set aside 10 minutes a day to write a book. After 2 1/2 years, he finished.

A Shelby Township, MI, man who owns First Class Tax and Consulting and two of his employees are accused of conspiring to defraud the United States and preparing false tax returns, according to federal authorities.