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Fewer taxpayers say they would consider trusting artificial intelligence (AI) over hiring a tax professional to file their taxes this year compared with 2025, and the percentage slipped across all generations, according to the second annual U.S. Tax Filing Report by an invoice automation company.

The IRS said Monday in Announcement 2026-7 that it anticipates that portions of final regulations to be issued regarding required minimum distributions (RMDs) will apply for the distribution calendar year that begins no earlier than six months after the date that those regulations appear in the Federal Register.

In the early days of artificial intelligence reshaping the way employees work, many find themselves facing a greater workload rather than a lessened one, according to a survey.

A series of sales and income tax cuts, renter’s tax credits, health insurance subsidies and more highlighted the affordability measures Senate Democrats proposed Thursday.

The Department of the Treasury and the Internal Revenue Service today provided interim guidance for taxpayers regarding the special depreciation allowance for qualified production property enacted under the One, Big, Beautiful Bill.

The average direct-deposit tax refund amount is up 11% this year compared with the same span in 2025, the IRS said in a release.

Legislators want multiyear relief. Administration says don’t over-promise.

Is it fair to tax a person raising three children at the same rate as someone supporting only themselves? State Rep. Anthony Nolan, D-New London, doesn’t think it is.

Finance leaders are poised to limit pay and headcount increases throughout 2026 while expanding investment in artificial intelligence and other technologies, according to a recent survey.

With the 2026 filing season underway and increased call-center demand around the Presidents Day holiday on Feb. 16, the Internal Revenue Service encourages taxpayers to visit Let Us Help You on IRS.gov and use online tools to get fast, convenient help without waiting on hold.

More than half a billion dollars flowed back into Connecticut households last year through the Earned Income Tax Credit, yet state officials say tens of thousands of eligible residents still are not claiming the refundable benefit — even after more than 50 years of putting money back into working families’ pockets.

Drew Andrews, managing partner and CEO of Whittlesey, was interviewed in the Hartford Business Journal article "AI reshapes how accounting firms operate." “What accounting is going to look like in three to five years is going to be totally different than what it looks like today,” Drew said in the article.

Opportunities for finance professionals interested in pursuing a CFO role increased year over year at Fortune 500 and S&P 500 companies in 2025, including a spike in the percentage of companies hiring CFOs internally.

Caucus plan would struggle to remain balanced in future years.

By definition, agentic artificial intelligence can execute complex tasks with little to no human oversight.

The Internal Revenue Service today announced a new expansion of Tax Pro Account, introducing business-level digital capabilities for tax professionals who work in tax-preparation companies, accounting firms, or other organizations.

A number of provisions in President Donald Trump’s blockbuster bill to enact his second-term agenda will go into effect throughout the year.

In today’s digital-first business environment, trust extends far beyond financial statements. Organizations must now safeguard the systems, data, and technologies that power operations, protect sensitive information, and sustain stakeholder confidence.

The American Institute of CPAs (AICPA) has endorsed legislation introduced by Senators Susan Collins (R-ME) and Jacky Rosen (D-NV) to recognize accounting as a Science, Technology, Engineering and Math (STEM) education program. The Accounting STEM Pursuit Act (S. 3784) establishes the accounting profession as a STEM career pathway, allowing students greater access to accounting programs.

Just over 100 business associations have urged Treasury to destroy beneficial ownership information (BOI) records that domestic companies no longer must file, saying the retention of the records no longer serves a legitimate purpose.