This is the first in a new column authored by CPA Journal Editorial Advisory Board member Steven M. Mintz, a professor ...

IN BRIEF Artificial intelligence (AI) is reshaping the accounting profession and redefining accounting education. As AI automates routine tasks, ...

IN BRIEF As the accounting profession continues to evolve in response to technological innovation, regulatory complexity, and ...

As artificial intelligence (AI) technology advances at a rapid pace, its implications for professional fields such as ...

Death can provide significant tax benefits through the step-up in basis, but it can also permanently eliminate valuable tax attributes that, if not properly planned for, disappear with the taxpayer.

There has been a recent decline in accountants, and this sharp decrease is the result of more than normal retirements. It is also due to young and midcareer professionals shifting careers into new ...

Tax advisors of estates are generally aware that the executor or personal representative of the estate is personally liable for the payment of federal estate taxes not only with respect to the probate ...

When the right set of circumstances presents itself, there may be no simpler way to defer, reduce, or completely eliminate long-term capital gains taxes when selling real estate, businesses, or ...

Changing educational requirements to sit for the CPA Exam are throwing the future of accounting education into doubt. In the years since the 150-hour requirement has been established, it is ...

If a taxpayer lacks documentation to support items on a tax return, preparers may use estimates, following an approach long known as the “Cohan rule.” Although the rule remains useful for tax ...

The current technological transformation in accounting and taxation shows that “companies have a large appetite for increasing complex analytics, even when they cannot adequately perform the basics” ...

Foreign asset reporting—including the reporting of foreign retirement plans—is a high priority for the IRS, which in 2019 listed the “failure to report offshore funds” as one of its “Dirty Dozen Tax ...