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 …
Tax-Exempt Orgs Under Additional House Scrutiny Lawmakers considered how best to increase transparency around tax-exempt organizations’ activities and funding mechanisms at a July 23 hearing — amid calls …
Wyden, Crapo Push to Fill Tax Court Vacancies As the Tax Court nominees approved by the Senate Finance Committee last month await full Senate consideration, the committee considered three more …
Lawmakers Push for Enhanced Paid Family and Medical Leave Credit A recently introduced bipartisan House bill (HR 8860) would extend and enhance a tax credit under Code Sec. 45S available to employers …
SCOTUS Revives Whistleblower’s Claim After Chevron Overturned The Supreme Court vacated a judgment denying an IRS whistleblower’s award claim, citing its recent decision on agency deference. The …
Bipartisan Bill Takes Up Taxpayer Advocate Recommendations to Streamline Filings Legislation introduced late last week would make three fixes to the Tax Code to streamline the filing process — applying …
Judge Rejects Audit Firm’s Bid to Halt Discovery in SEC Independence Case A federal judge on February 22, 2024, denied Prager Metis CPAs LLC’s request to stay discovery as it seeks to …
Exclusive Midyear Interview with FASB Chair Richard Jones FASB Chair Richard Jones likened the accounting year so far to country music group Zac Brown Band’s “Same Boat,” a …
PCAOB Faces Competing Requests in Revising Audit Requirements for Non-Compliance with Laws and Regulations Judging by the unusually high number of comment letters the Public Company Accounting Oversight Board (PCAOB) has received—121 as of …