BUSINESS

The Form 5472 Mistake Foreign LLC Owners Never See Coming

A nonresident entrepreneur opens a U.S. LLC, wires in a few thousand dollars, pays the registered agent from a personal card, earns little or nothing, and assumes tax season should...

TECHNOLOGY

Can Deloitte’s ControlCatalyst.AI Flip the Audit Script?

Spider-Man: Brand New Day spent its opening week doing what Peter Parker does best: moving fast, spotting trouble early, and dealing with several problems before everyone else full...

FINANCE

How Tax Strategy for the Rich Built the Biggest Hedge Fund

Imagine telling a room full of accountants that a portfolio can make investors richer while producing enough losses to lower taxes elsewhere. Half the room would reach for coffee. ...

SEC UPDATES

SEC Builds Specialist Unit to Chase Accounting and Financial Reporting Fraud

Accounting trouble rarely arrives wearing a ski mask. It usually walks through the front door carrying a spreadsheet, a confident forecast, and a perfectly reasonable explanation f...

ACCOUNTING & TAXES

A Memphis Tax Preparer’s $5.4 Million Scheme Comes Back to Bite

A tax refund can feel like finding cash in an old coat pocket. But when that “cash” comes from invented deductions and credits, the coat may eventually arrive with federal inve...

IRS UPDATES

The IRS Tax Credit Error Tab Has Reached $28.1 Billion

The IRS is trying to inspect a moving train while passengers keep boarding. Refundable tax credits move quickly through the filing system, often producing refunds before the agency...

PEOPLE UPDATES

Prosperity Appoints Brian Katz as Chief Investment Officer

Prosperity, the wealth management division of New York-based Eisner Advisory Group, has announced the appointment of Brian W. Katz as its new Chief Investment Officer. Katz will be...

BUSINESS

Visa Bets $2.4 Billion on BioCatch to Beat AI Fraud

Visa made its fortune by helping money move quickly. Its latest acquisition is designed to stop money from moving when something does not feel right. The payments giant has agreed ...

BUSINESS

UBS Lands in $125M Hot Water Over Governance Gaps

UBS entered August with numbers most banks would happily frame for the lobby: second quarter 2026 revenue of $13.7 billion, up 13% from a year earlier, alongside $2.8 billion in ne...