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 …
Exempt Org Foreign Reporting Forms Burdensome, IRS Told Several organizations responded to an IRS request for comment on filing obligations of tax-exempt entities to say that three forms …
In Unusual Request, Center for Audit Quality Asks PCAOB to Delay Sending Revised Standards to SEC for Approval In an unusual request, the Center for Audit Quality (CAQ) asked the Public Company Accounting Oversight Board (PCAOB) to delay …
Council of Institutional Investors Again Urges SEC to Close Loophole on Non-GAAP in Executive Pay The Council of Institutional Investors (CII) once again pressed the Securities and Exchange Commission (SEC) to add a rulemaking project …