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 …
International ESG Rulemaker Publishes New Climate and Sustainability Disclosure Rules As expected, the International Sustainability Standards Board (ISSB) on June 26, 2023, issued two new disclosure standards that aim to …
IRS to Issue Proposed Regs Addressing the Pillar Two GloBE Model Rules The IRS has announced that it will issue proposed regs addressing how certain Code provisions, including the foreign tax credit …
SEC Approves PCAOB’s New Audit Confirmation Standard The SEC has approved the PCAOB’s new standard that modernizes the auditor’s confirmation process, stating that it is “necessary or …