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Technology

AI changes how accountants work, not what they do

Three years after tax professionals attended the AICPA National Tax Conference’s first session on generative AI, a speaker from the 2023 conference and a speaker at this year’s conference say the technology is changing how accountants work, not replacing them. They also say AI’s growing role in practice requires safeguards, oversight, and experienced professionals.

AICPA, former IRS commissioner to lead initiative on AI in tax

Participants in the Council on AI Risk in Tax, led by the AICPA and former IRS commissioner Danny Werfel, include leaders from all areas of the tax world who will work together to promote the responsible use of AI in tax administration and practice.

AICPA seeks IRS clarity on AI guidelines, CPA fees

The AICPA is seeking clarification from the IRS on guidelines suggesting that tax practitioners should pass AI-related cost savings on to clients. Concerns about language in the guidelines include the implication of not allowing for a value-pricing model and overlooking the costs of implementing and governing the technology.

AI’s role in complex tax decisions

John Sapp, CPA, vice president, brand ambassador, Drake Software, discusses how artificial intelligence (AI) can be a powerful tool in the tax and accounting profession.

PRACTICE MANAGEMENT

2026 tax software survey

CPAs rate their return preparation software’s performance during this year’s tax season.

Tax Clinic

Gift or hold? Basis step-up and transfer tax planning after H.R. 1

Practical considerations for deducting abandoned M&A transaction costs

Tax-aware investing strategies: Clearing the hurdles

OID in modern corporate debt: Timing, yield, and reporting considerations

Permanent establishment risk from remote work and the OECD’s new guidance