IRS’s AI Work Hard to Track, Watchdog Says Although the IRS has dozens of ongoing projects that involve the use of artificial intelligence (AI), the agency struggles to …
Advice for Practitioners on Unused Digital Asset Basis Safe Harbor A digital asset tax expert and an IRS official advised practitioners to consider their options presented in recent guidance that …
Proposed Third Party Contact Advance Notice Regs Punish Taxpayers, NTA Says Pending rules that would shorten third-party notice requirements by allowing the IRS broader discretion in excepting the 45-day window under …
Big 4 Tax Director: Fate of TCJA in the Hands of a ‘Very Different’ GOP What ultimately becomes of permanent and temporary provisions of the Tax Cuts and Jobs Act (TCJA) will be largely decided …
IRS Shares FY 2024 Revenues, Financial Position Ahead of Funding Fight The IRS released its annual financial report for fiscal year 2024, touting strides taken using Inflation Reduction Act (P.L. 117-169) …
Housing Reform Should Restore, Enhance Lapsed Tax Breaks, House Taxwriters Told With the deadline now passed for public stakeholders to submit comments to members of the House Ways and Means Committee …
SEC Schedules Vote to Consider Approving PCAOB’s Quality Control Standards The Securities and Exchange Commission (SEC) has scheduled a meeting for September 9, 2024, to consider approving the Public Company …
USCIS Plans Second Random Selection for FY 2025’s H-1B Regular Cap The U.S. Citizenship and Immigration Services (USCIS) is preparing to conduct a second random selection process for the fiscal year 2025 H-1B …
PCAOB Investor Advisory Group Seeks Public Nominations for Best Critical Audit Matters The Public Company Accounting Oversight Board’s (PCAOB) Investor Advisory Group (IAG) is formally seeking the public’s nominations for the “most …