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Kovel agreement basics for you and your client

Kovel agreements, where an attorney, rather than the client, engages a CPA, may provide the client greater protection by extending attorney-client and attorney work product privileges to the CPA.

Ask the expert: The value of tax advisory services

Catherine Tindall is the founder of Dominion Enterprise Services. She specializes in advanced tax reduction and works with customers to help them save money on taxes while advancing their wealth-building and life goals. She is enthusiastic about helping clients reduce their overall tax burden through proactive strategies and advising.

Late filing of petition does not bar Tax Court jurisdiction

The U.S. Supreme Court held that the Sec. 6330(d)(1) 30-day time limit to file a petition with the Tax Court after a Collection Due Process hearing determination is not a jurisdictional requirement. The Tax Court’s jurisdiction is conditioned on the petition’s filing and not its timeliness.

Kevin H. Wang, CPA/CITP

Kevin H. Wang, CPA/CITP, is director of innovation at Warren Averett CPAs and Advisors. He works out of the firm’s Birmingham, Ala., office.

Top firms dig deeper to retain employees

As the Great Resignation continues unabated, top firms are beginning to raise starting salaries and add benefits to keep employees from looking for greener pastures.

Tackling the IT challenges of dealing with cryptoassets

Digital assets, from bitcoin to tokens, are a new asset class that challenges technology used for enterprise resource planning and financial reporting. Here’s what you should consider if you decide to take on these challenges.

When autocorrect is a problem in Excel

There are two ways to solve an autocorrect problem such as the one in the question above — a temporary solution and a permanent solution.

Rogue behavior: Risks your CPA firm should avoid

Claim experience of the AICPA Professional Liability Insurance Program has demonstrated that rogue behavior, especially at the partner level, can lead to professional liability claims.

Changes to Form 1099-K

Recent changes in reporting requirements will lead to mistakes, but taxpayers should not ignore them.

Line items

More Schedule K-2 and K-3 FAQs posted … SALT cap challenge is denied Supreme Court review … Supreme Court holds Tax Court not bound by petition filing deadline … IRS funding, technology assessed in House hearing … Treasury equity action plan reports progress

Tim Keefe, CPA, CGMA

Tim Keefe, CPA, CGMA, is director of finance at Lund, a not-for-profit organization in Vermont serving children and families; founder of Philo Financial Consulting LLC; and board president of the Vermont Society of CPAs.

SPONSORED REPORT

Preparing clients for new provisions next tax season

Preparing clients for new provisions next tax season

As the 2025 filing season approaches, H.R. 1 introduces significant tax reforms that CPAs must be prepared to navigate. These legislative changes represent some of the most comprehensive tax updates in recent years, affecting both individual and corporate taxpayers. This report provides in-depth analysis and guidance on H.R. 1.

From The Tax Adviser

November 30, 2025

How a CPA and wealth adviser partnership can guide families through transition

November 30, 2025

Digital asset transactions: Broker reporting, amount realized, and basis

October 31, 2025

Recent developments in estate planning

October 31, 2025

Current developments in taxation of individuals: Part 2