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The IRS kicked off its annual “Dirty Dozen” list with a warning for taxpayers to be aware of evolving phishing and smishing scams designed to steal sensitive taxpayer information.

Artificial intelligence (AI) is posing increasing risks to financial firms, according to a report by the U.S. Treasury Department.

With interest rates taming and the economy doing well, pent-up acquisition demand will likely surge this year.

U.S. consumer confidence remains steady despite concerns about high prices and a less optimistic short-term future, according to the Conference Board.

Wisconsin Act 147 requires the state to study the effects of instituting income tax reciprocity with Minnesota.

The IRS is proposing to shorten the notice of third-party contact to 10 days in several circumstances involving statutory periods for assessments and collection investigations.

The IRS is reporting a smooth tax filing season, with no backlog of paper returns and improved customer service.

The latest economic forecast from the Wisconsin Department of Revenue (DOR) projects a period of slow growth by late 2024 or 2025 to bring down inflation.

Close to two-thirds (62%) of CFOs responding to a Deloitte poll anticipated an allocation of less than 1% of their organization’s budget for generative AI next year.

Many not-for-profits and private companies are just beginning to grapple with the new rules for current expected credit loss accounting (CECL).