IRS Ends Majority of Unannounced In-person Collection Visits
From now on, if someone comes to your home or place of business, they will highly unlikely be an IRS …
Corporate Taxpayers Won’t Be ‘Left Behind’ as IRS Improves Notices, Official Assures
While much focus has been given to individuals in messaging from the IRS as the agency aims to capitalize on …
International Tax Experts Pan Biden’s Pillar Two Plan
During a House Ways and Means Tax Subcommittee hearing July 19, a panel of international tax lawyers and global experts …
SEC Schedules Vote to Adopt Cybersecurity Rules for Public Companies
The Securities and Exchange Commission on July 26, 2023, will consider adopting a March 2022 proposal that would require public …
Can FASB Fix Complex Commodities Accounting Rules? Not Without IFRS, CPA Group Says
Accountants who believe that the FASB may end up aligning U.S. GAAP with international financial reporting standards on commodities, recently …
Half of Foreign Assets Held in Tax Havens, New Research Estimates
With the goal of shedding light on what foreign financial reports can tell about offshore holdings and the effect of …
Trendspotting: State-Run Retirement Programs
Debbie Tam In 2023, three states (Nevada, Minnesota, and Vermont) passed legislation to implement a state-run retirement program. The tally currently stands …
IRS Provides Transition Relief and Guidance for Required Minimum Distributions Under SECURE and SECURE 2.0 Acts
The IRS has issued limited transition relief for plan administrators, payors, plan participants and beneficiaries to address changes in required …
Should PCAOB be Consolidated into SEC?
From time to time, a particular proposal or another has been floated to transfer the Public Company Accounting Oversight Board’s …
New OECD Guidance Includes Transitional Safe Harbor for Pillar Two Top-Up Tax
Updated administrative guidance on the Organization for Economic Co-operation and Development (OECD)/G20 Inclusive Framework on Base Erosion and Profit Shifting’s …