Lawmakers Unite Against IRS Plan to Limit Access to Taxpayer Data for Child Support Enforcement
In a show of bipartisanship, the House Ways and Means Committee unanimously advanced a bill that would allow child support …
In a show of bipartisanship, the House Ways and Means Committee unanimously advanced a bill that would allow child support …
The Public Company Accounting Oversight Board (PCAOB) has criticized Deloitte & Touche LLP for failing to address quality control (QC) …
Final Regulations, Required Minimum Distributions, 29 CFR Parts 1, 31, and 54, 89 Fed. Reg. 58886 (July 19, 2024); Notice …
The IRS’s 2025 draft version of Form 941, Employer’s Quarterly Federal Tax Return, contains no substantial changes from the current 2024 version. …
In providing an update on how the IRS is progressing towards ‘transformation efforts’ using Inflation Reduction Act (PL 117-169) funds, …
Lawmakers considered how best to increase transparency around tax-exempt organizations’ activities and funding mechanisms at a July 23 hearing — amid calls …
The Federal Reserve System Board of Governors issued a cease-and-desist order and assessed a $44 million penalty against a bank …
By Denis Del Bene The District of Columbia has enacted emergency budget support legislation for Fiscal Year 2025. Among numerous …
The IRS has issued final regulations updating required minimum distribution requirements for certain retirement plan participants and IRA owners and …
The FASB took a step towards simplifying the complex world of business combinations involving Variable Interest Entities (VIEs), voting unanimously …
The Public Company Accounting Oversight Board (PCAOB) criticized Ernst & Young LLP for failing to address quality control (QC) problems …
Addressing an issue of first impression, the Tax Court determined that the installment method applied to the taxpayers’ gains from …
Tanner v. Stryker Corp. of Mich., 2024 WL 3058746 (11th Cir. 2024) Available at https://media.ca11.uscourts.gov/opinions/pub/files/202214188.pdf An employee was expecting a …
The IRS has become stricter in disallowing applications for tax-exempt status filed by organizations created to facilitate name, image, and …
Without a dedicated information return, the IRS’ “line of sight” into digital asset transactions is limited because of a lack …
Missouri Governor Michael L. Parson has signed legislation amending the historic tax preservation tax credit and naming it the Missouri …
In a dispute between the IRS and a media company over the tax consequences of a disguised sale of a …
The FASB has outlined a packed agenda for the second half of the year, with plans to issue two new …