The Internal Revenue Service has issued proposes regulations on foreign tax credits for businesses and individuals for tax years starting with 2018. The regulations would implement changes made under the the 2017 Tax Cuts and Jobs Act.

AccuFund has introduced V.6.02 of the AccuFund Accounting Suite, available both on-premise and in the cloud. New tools include AccuBot, which can automate several steps within the nonprofit suite.

Canopy, which makes practice management and tax resolution software, plans to introduce a tax preparation package next summer. The Lehi, Utah-based company said its cloud-based application will integrate with its other products to provide a client tax management suite.