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Tax and financial planning news from around the web: July 31 – August 4, 2023

Written on Aug 4, 2023

Tech Tune-Up: AI and its role in the tax and accounting profession 
Artificial intelligence is everywhere and firms might be thinking how this will apply or make its way to the accounting and tax profession. The answer is that it already has, and firms of every size should be taking advantage of the resources available to them, if they aren’t already. 

In a major shift, the IRS announced it will end most unannounced visits to taxpayers 
The IRS is making a major policy change: it will end most unannounced visits to taxpayers by agency revenue officers. 

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