House Republicans Introduce Broad Package of Tax Breaks
House Ways and Means Republicans have introduced a package of mostly small business tax bills which include a subsequent extension …
Reminder: 2023 Q2 Estimated Tax Payments Due June 15
In a News Release, the IRS has reminded taxpayers that the 2023 second quarter (Q2) estimated tax payment is due …
House Dem Duo Seeks Crypto Reporting Regs
A pair of Democratic House members urged the Treasury Department and the IRS to issue proposed regs reflecting digital asset …
Reporter’s Note: a Chat with PCAOB Chair at Investor Panel Meeting
Thomson Reuters had an opportunity to have a quick interview with Public Company Accounting Oversight Board (PCAOB) Chair Erica Williams …
IRS Issues Draft 940 and 940 Schedule A Forms
The revised drafts of Form 940 (Employer’s Annual Federal Unemployment (FUTA) Tax Return) and Form 940 Schedule A (Multi-State Employer and Credit …
Ways and Means Chair Introduces Bill to Remove Tax Paperwork for Small Businesses
House Ways and Means Committee Chairman Jason Smith, Republican of Missouri, and Representative Jimmy Panetta, Democrat of California, introduced legislation on June …
Biden Announces IRS Chief Counsel Nominee
President Joe Biden has tapped Marjorie Rollinson as his nominee to fill the position of IRS chief counsel, which has …
Print Editions of GAAP Codification End This Year
A final print edition of the Accounting Standards Codification will be issued this year and “it does say on it …
Chair Jones: FASB Studying Two Parallel Paths to Potentially Revise the Statement of Cash Flows
FASB Chair Richard Jones on June 1, 2023, said the board plans to decide “at some point in time” whether …
Colorado Enacts Legislation Changing Corporate and Pass-Through Entity Reporting Requirements
by Tyna Mikulec On June 1, 2023, Colorado Governor Jared Polis signed legislation changing the following reporting requirements for business …