The What, Why and How of Artificial Intelligence for Accountants (CPA Trendlines) - Artificial intelligence (AI) tends to conjure up images of sci-fi movies, with costly computers replacing humans for some sinister purpose, but the reality is much more collaborative and effective. While AI has been adopted by many industries, its adoption rate in financial services has been relatively slow
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How the IRS Handles Taxpayers Who Suffer Losses (Accounting Web) - Complicated rules kick in when individuals unload dwellings they bought before the summer of 1997. In fact, the law empowers the IRS to use its own special method to calculate whether sellers actually suffered losses.
New Jersey Launches Extensive Tax Amnesty Program (Forbes) - The holiday season might be a little brighter for some taxpayers: The New Jersey Division of Taxation has announced the launch of their Tax Amnesty program. The program is intended to provide individuals and businesses with the opportunity to pay back taxes...