Ways and Means Looking to Curb Pandemic Related Fraud Federal agencies did not strategically manage fraud risks and were not adequately prepared to prevent fraud tied to COVID-19 relief …
Senate Finance Grills IRS Chief Counsel Nominee The Biden Administration nominee to serve as IRS Chief Counsel underwent critical questioning by Republican members of the Senate Finance …
IRS Forming Backup Plans as Government Shutdown Nears The IRS is forming contingency plans as the likelihood of a government shutdown approaches, the union representing Treasury and IRS …
Government Shutdown Looms as Funding Solution Remains Elusive With just 11 days left to avoid a shutdown, House Speaker Kevin McCarthy, Republican of California, remains at odds with …
Finance Committee to Markup Bill Ending Double-Taxation between U.S. and Taiwan Senate Finance Committee Chair Ron Wyden, Democrat of Oregon, has announced plans to convene a business meeting on September 14, …
Ways and Means Seeks Input on Questionable EO Activities The Committee on Ways and Means is conducting an investigation into whether entities that qualify as tax-exempt under Code Sec. 501 are …
Oregon Updates IRC Conformity By Margaret Eisler On April 4, 2024, Oregon Governor Tina Kotek signed legislation advancing the state’s Internal Revenue Code (IRC) …
PCAOB Revises Deregistration Rule, Punts on Planned Ban on Misleading Statement About Board Oversight The Public Company Accounting Oversight Board (PCAOB) on November 14, 2024, voted unanimously to adopt a portion of a proposing …
PCAOB Sets Aside Noncompliance With Laws and Regulations for Now, Will Finalize Rules to Increase Auditor Transparency The Public Company Accounting Oversight Board (PCAOB) will no longer consider finalizing its controversial standard-setting project on the auditor’s consideration …