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 …
Individuals Barred from Promoting CRAT Tax Shelter Scheme
A federal district court in Missouri has barred several individuals and Hoffman Associates, LLC, from promoting, selling, or marketing a …
SEC’s Top Accountant Emphasizes Auditor’s Role in Detecting Corporate Fraud
At a financial reporting conference, SEC Chief Accountant Paul Munter reminded auditors about their responsibility regarding corporate fraud because, among …