House Democrats Call for Probe into Disclosure of Taxpayer Information to Facebook
A group of House Democrats are calling for an investigation into major online tax filing companies over their disclosure of …
Former Taxpayer Advocate: IRS Reform Should Not Be Done ‘in a Vacuum’
Transformation at the IRS, propelled by the $80 billion appropriation from the Inflation Reduction Act (PL 117-169), should involve more …
SEC Commissioner Suggests Audited Financial Statement Requirement for Large Companies Using Reg D Exempt Offering
SEC Commissioner Caroline Crenshaw, during a recent speech, floated the idea of requiring big private companies that raise funds using …
FASB Crypto Proposal Coming by End of March amid Slight Sector Rebound from Lows
The FASB on Feb. 1, 2023, said the public will get 75 days to comment on a proposal on accounting …
CRS: Stock Buyback Issues Still Need IRS Clarification
According to Congressional Research Service (CRS) report R47397 issued January 25, a few repurchase issues with regards to the recently-enacted 1% excise tax …
Las Vegas Company to Pay More Than $3.6 Million in Back Wages/Damages/Penalties for FLSA Violations
The U.S. Department of Labor (DOL) has announced that it obtained a consent judgment in federal court that requires a …
NTU to Prioritize TCJA Fixes, Clawing Back IRS Enforcement Funds, Director Says
The 2023 policy agenda of the National Taxpayers Union includes working with both parties in Congress to pass bipartisan revisions …
SEC Commissioner Peirce: 2022 Was ‘Terrible, Horrible, No Good, Very Bad’ for Crypto
For the crypto industry, last year was “terrible, horrible, no good, very bad,” SEC Commissioner Hester Peirce said in a …
Treasury Officials Tease Upcoming OECD Pillar Two Guidance
The Organization for Economic Co-operation Development (OECD) is working with the U.S. to release guidance on its global minimum tax …
Michigan Updates Information on Income Tax Treatment of Retirement and Pension Benefits for Tax Year 2022
by Peter G. Pupke The Michigan Department of Treasury has issued a release that summarizes the Michigan income tax treatment …