Yellen Forced to Cut Another Investment in Federal Employees Retirement Funds Due to Debt Limit
The Federal government has stopped its investment in another federal employees’ retirement fund due to its breaching the debt limit …
Regulators Not Working on Dodd-Frank Banker Incentive Compensation Rules is Troubling, Reform Advocate Says
When the SEC in early January unveiled its semi-annual update to the rulemaking agenda, an unfinished Dodd-Frank executive compensation rule …
Supreme Court Declines to decide if FBAR Penalties Violate 8th Amendment
The U.S. Supreme Court will not take up a case where it would have needed to determine if foreign bank …
Eleventh Circuit Finds ARPA Tax Mandate Unconstitutional, Upholds Permanent Injunction Against Enforcement
by Denis Del Bene The Eleventh Circuit (the Court), affirming the U.S. District Court for the Northern District of Alabama, …
Revenues From Two-Pillar Plan Higher Than Expected, OECD Estimates
The Organization for Economic Cooperation and Development has adjusted upwards revenue estimates from its international tax framework, with a full …
Storm Victims in Georgia, Alabama Get Tax Relief
The IRS has provided tax relief to storm victims in parts of Georgia and Alabama. Victims in the disaster area …
American Payroll Association Notes Concerns With Labor Department’s Proposed Worker Classification Rule
The American Payroll Association (APA) has shared its comments to the U.S. Department of Labor regarding concerns to its proposed worker classification …
Additional IRS Guidance Needed on Reporting Tax Scams, Says GAO
The IRS needs to improve its instructions to the public on how to report tax schemes for the agency to …
FASB Plans to Require More Detailed Disclosures of Income Statement Expenses
The Financial Accounting Standards Board (FASB) last week made some significant decisions to provide investors more insight into corporations’ income …
Payors Should Be ‘Vigilant’ During Form 1099-K Transition Period, Tax Pro Says
After the IRS conceded to outside pressure from stakeholders to delay the implementation of the $600 de minimis threshold for reporting third-party …