Distributions made from a retirement account are generally taxed as ordinary income, but net unrealized appreciation (NUA) is ...

Audit firms have invested heavily in artificial intelligence (AI) in recent years, with media outlets reporting billions of dollars in collective ...

Corporate leaders and investors alike are faced with a growing list of financially material sustainability risks and ...

Form 3520 is an information return for a U.S. person to report certain transactions with foreign trusts [as defined in Internal Revenue Code (IRC) section 7701(a)(31)] or to report the receipt of ...

The liquidation of a partner’s entire partnership interest can take various forms, including payment made by the partnership to the retiring partner in complete redemption of the partner’s interest or ...

No business of any kind can operate in the modern digital environment without some risk of cyber attack or data breach. CPA firms are especially vulnerable due to the volume of records they contain, ...

Can the users of financial statements and annual reports rely upon the charts in them for accuracy? A sample of 50 public companies’ yearly reports collected by the author found that 86% had at least ...

One of the key elements of the Tax Cuts and Jobs Act of 2017 is its lowering of corporate tax rates. As a result, the valuation of pass-through entities may now be simplified, as the more complex ...

The sweeping changes of the Tax Cuts and Jobs Act (TCJA) have prompted reconsideration of many financial plans. The realm of estate planning will be especially affected by the TCJA’s doubling of the ...

Around the turn of the century, the largest public accounting firms featured fast-growing advisory services divisions. Tension within these firms, and stricter regulations in the form of the ...

Audit planning is one of the most complex but critical stages of the audit process. This leads auditors to look for technologies that can help make the process more efficient. Recently, artificial ...

In Brief With new technologies come new forms of assets and, eventually, new rules for the regulation and taxation of such assets. Beyond the current… ...