Deficiency Rates in Broker-Dealer Audits Increased in 2022, PCAOB Says
Rising deficiency rates in audits of broker-dealers “are a cause for significant concern,” the Public Company Accounting Oversight Board (PCAOB) …
FinCEN: Concerning Increase in Federal/State Payroll Tax Evasion
On August 15, 2023, the Financial Crimes Enforcement Network (FinCEN) announced the agency issued a notice to financial institutions regarding a concerning …
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 …
HHS Prevails in Air Ambulance Providers’ Surprise Billing Challenge
Ass’n of Air Med. Servs. v. HHS, 2023 WL 5094881 (D.D.C. 2023) Available at https://www.govinfo.gov/content/pkg/USCOURTS-dcd-1_21-cv-03031/pdf/USCOURTS-dcd-1_21-cv-03031-0.pdf An association of air ambulance …
McCarthy Tells GOP Lawmakers Short-Term Funding Bill Necessary
The House of Representatives will need a short-term funding measure come September as it struggles to coalesce around a budget …
Democrats, Policy Orgs Commend IRS for ‘Real Progress’ Made in First Year of New Funding
At a virtual event commemorating the one-year anniversary of the Inflation Reduction Act’s (PL 117-169) enactment, congressional Democrats and representatives …
Michigan Revises Sales and Use Administrative Rules
by Peter G. Pupke The Michigan Department of Treasury has adopted a general revision of its sales and use administrative …
IRS Obsoletes Notice on Exemptions, Waivers of Electronic Filing Requirements for Certain Returns
The IRS has obsoleted Notice 2010-13, which provided guidance on how certain filers could obtain administrative exemptions and waivers of the …
SEC Pauses Action Against Marcum Partner as Supreme Court Weighs Administrative Judge Constitutionality
The SEC on Aug. 7, 2023, indefinitely postponed its administrative action against a Marcum LLP partner while the Supreme Court …
IRS Issues Final Regs and Guidance Regarding Increased Energy Credit
The IRS issued final regs and Rev Proc 2023-27 to provide guidance for owners of certain solar or wind facilities built in …