As startups stay private for longer periods of time under the support of multiple equity financings spanning several years, their common stock valuation history is likely to come under greater scrutiny in the event a public offering is pursued.

The Financial Accounting Foundation’s board of trustees has named Jeffrey Previdi, a current member of the Governmental Accounting Standards Board, as vice chairman of GASB.

The firm plans to develop cutting edge financial technology solutions on SAP’s Leonardo platform.

Three Republican lawmakers who chair key congressional committees and subcommittees related to tax policy have sent a letter to Internal Revenue Service Commissioner John Koskinen asking about the IRS’s recent efforts to gain more information about users of Coinbase, the largest Bitcoin exchange in the U.S.

The cloud performance management solutions provider has also formed partnerships with Workiva and Prevedere.

The Financial Accounting Standards Board has issued an accounting standards update for determining the customer of service concession arrangements.

House Ways and Means Chairman Kevin Brady is forging ahead and planning to hold a hearing next week on the proposed border-adjusted tax, even as the top Senate Republican said the measure probably won’t pass his chamber.

Summer plans; evaluating clients; succession planning; e-wills; other highlights from our favorite tax bloggers.

H&R Block’s use of IBM’s Watson technology this past tax season is only one sign of the increasing involvement of artificial intelligence in tax preparation, with even Big Four firms like PricewaterhouseCoopers making major investments in AI for servicing their tax clients.

The partnership gives users of the business suite access to Vertex’s indirect tax solutions.