Accounting News

1. IRS, Treasury finalize rules on energy tax credit transfers

   The Internal Revenue Service and the Treasury Department released final regulations on the transfer of clean energy manufacturing, investment and production tax credits, with specific rules for partnerships and S corporations.

2. Senators introduce bill to simplify IRS notices

   Sens. Cassidy and Warren teamed up to introduce legislation aimed at making math error notices from the IRS easier to understand.

3. Which generative AI model did best on the CPA exam?

   A recent experiment tested different generative AI models against each other on the CPA Exam and found they each have their own strengths and weaknesses.

4. Tax reporting transparency reaches a tipping point

   Regulators, investors and the public are demanding ever greater tax transparency, and companies must navigate evolving, complex reporting requirements around the globe.

5. What disclosures do the Fortune 500 put in their annual reports?

   Companies are increasingly prioritizing cybersecurity, executive compensation clawbacks and more.