Monthly Archives: July 2025

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The case for outsourcing: 3 ways to win

Category:Tax News

While some organizations take a quick glimpse at outsourcing and conclude that it’s not a viable option, those that look closer often unearth alternative uses that can bring value.


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FASB updates guidance on measurement of credit losses

Category:Tax News

The optional guidance aims to address concerns shared by private company shareholders related to the cost and complexity of measuring credit losses for accounts receivable and contract assets.


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AICPA supports bill that lets married domestic violence victims file taxes as single

Category:Tax News

The bill would empower survivors of domestic abuse or spousal abandonment to file taxes without contacting their abuser.


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New commissioner confident IRS can implement OBBBA’s tax provisions

Category:Tax News

Commissioner Billy Long explained his management philosophy at the 2025 Tax Summit of the National Association of Enrolled Agents, where he said IRS employees will be able to implement the OBBBA’s tax provisions.


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Dealing with natural disasters: How to avoid fraudulent activities

Category:Tax News

More than one-third of Americans have been the victim of fraudulent activities after being personally or professionally affected by a natural disaster, according to a Harris Poll conducted on behalf of the AICPA.


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IRS staff cuts could put burden on practitioners to explain OBBBA

Category:Tax News

A retired IRS communications executive told the AICPA’s Town Hall that employees will be challenged to explain tax changes in the massive law.


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Dealing with natural disasters: IRS relief efforts leave some wanting

Category:Tax News

How can the IRS best assist victims of natural disasters? The AICPA asked victims how long they had to wait for assistance and asked CPAs the best courses of action.


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FinCEN says it will postpone effective date of anti-money-laundering rule

Category:Tax News

The Financial Crimes Enforcement Network said Monday that it will revisit the scope of an anti-money-laundering rule that affects small registered investment advisers. It said the effective date was expected to be postponed from Jan. 1, 2026, to Jan. 1, 2028.


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Dealing with natural disasters: Prepare by taking these steps today

Category:Tax News

Nearly one-third of adults have done nothing to prepare financially for the possibility of a natural disaster. An AICPA news release offers advice for individuals and businesses.


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US House passes stablecoin regulatory framework

Category:Tax News

Already approved by the Senate and on its way to the president for signature, the GENIUS Act will require stablecoin issuers to undergo a monthly examination of disclosures. Larger issuers also will be subject to an annual audit.