Docyt has introduced Docyt AI, its accounting system, that incorporates generative artificial intelligence features.

The Internal Revenue Service will establish a new work unit to focus on large or complex pass-through entities. This is another part of the IRS effort to increase attention to high-income compliance issues.

 A Chicago, Ill.-based tax preparer, who spent time in federal prison for tax preparation crimes, has been sentenced to 13 years in prison for a new series of state offenses.