IRS Provides Guidance on Employee Plans Compliance Resolution System
The IRS has issued a notice providing guidance on the expansion of the Employee Plans Compliance Resolution System (EPCRS). (Notice …
AICPA Auditing Standards Board’s Work Plan Includes Potential Convergence Projects with International Standards
The AICPA’s Auditing Standards Board (ASB) is working on several standard-setting or research projects, according to its 2023 workplan, which …
IASB Issues Disclosure Rules to Boost Transparency around Terms of Supplier Finance Arrangements
The International Accounting Standards Board (IASB) on May 25, 2023, issued a package of disclosure rules to boost transparency around …
House Bill Seeks to Streamline Tax Extension Requests
Bipartisan proposed legislation would prevent taxpayers from incurring penalties for failing to accurately calculate estimated payments for current-year tax liability …
Payroll Congress: OCSE Addresses Child Support Questions
Debbie Tam, CPP PayrollOrg (formerly known as the American Payroll Association) held its 41st Payroll Congress in Denver, Colorado. During …
Tax Court: IRS’ Delinquent Tax Debt Designation to State Not Erroneous
The Tax Court has held that a taxpayer’s tax liabilities constituted a “seriously delinquent tax debt” under Code Sec. 7345, and …
Companies Exempted from Accounting for Deferred Taxes that Stem from Global Tax Reform
The International Accounting Standards Board (IASB) on May 23, 2023, published an amendment to a key income tax accounting standard …
Colorado Modifies and Creates Income Tax Credits to Advance Decarbonization
by Tyna Mikulec On May 11, 2023, Colorado Governor Jared Polis signed legislation that enacted tax policy to advance decarbonization …
U.S. Chamber Joins Calls for Restoring Depreciation, Amortization Addback
The U.S. Chamber of Commerce has joined trade organizations and companies in supporting proposed legislation that would revert a limitation …
Commissioner Uyeda: ‘Accounting violations is a focus for the SEC’
SEC Commissioner Mark Uyeda, during a speech in London, said that both commission and the PCAOB have brought more charges …