OECD Reports ‘Significant Progress’ on Pillar One as Members Extend Digital Services Tax Delay
Countries that have or plan to enact a digital services tax agreed to continue to hold off another year while …
Werfel Announces Upcoming Expansions to In-person, Online Services
Three months following the conclusion of this year’s tax filing season, the IRS provided an update on how it has …
IRS Launches Criminal Investigation into Abusive Malta Pension Plans
The IRS’ crackdown on a tax scheme involving Maltese pension plans has taken a turn as the agency’s Criminal Investigation …
PCAOB Criticizes PwC for Not Fixing Quality Control Deficiency
The PCAOB publicly criticized PricewaterhouseCoopers LLP for failing to address a quality control problem found during 2019 audit inspection. The …
Securities Industry Asks FASB for Three Extra Months to Study Proposal on Purchased Financial Assets
The Securities Industry and Financial Markets Association (SIFMA) asked the FASB to extend the comment period on proposed accounting rules …
PCAOB Advisory Panel Highlights AI, Climate Reporting and Talent as Emerging Issues
The PCAOB’s Standards and Emerging Issues Advisory Group (SEIAG) discussed artificial intelligence (AI), environmental or climate change issues, and the …
IRS Anticipates E-Filing for Amended Employment Tax Returns in 2024
Debbie Tam The IRS has provided an anticipated timeline for providing an electronic filing option for amended employment tax returns …
Senate Budget Committee Hears From Experts on Preserving Social Security
Government and policy group officials testified before the Senate Budget Committee to address the looming threat of potential Social Security …
Proposed Regulations Would Limit STLDI, Curtail Fixed Indemnity as Excepted Benefits, Make Tax Treatment Clarifications
Proposed Regulations Fact Sheet The DOL, HHS, and IRS have jointly proposed regulations that would limit the permissible duration of …
IRS Finalizes 2020 Proposed Consolidated NOL Carryback Regs
The IRS has finalized proposed regs it issued in 2020 that provided rules for consolidated net operating loss carrybacks. The final …