Business Group: Banking Agencies’ Incentive Pay Proposal Without SEC, Fed Violates Law
As the Securities and Exchange Commission (SEC) is in the middle of writing a third proposal on Dodd-Frank incentive-based compensation …
IRS, Treasury Crack Down on Abusive Partnership Transactions in New Initiative
The IRS and Treasury Department issued a suite of guidance as part of a new regulatory initiative aimed at closing …
Do Not ‘Solely Rely’ on AI Tax Advice, Says Taxpayer Advocate; Industry Responds
Customers of major tax preparation companies should take tax advice from artificial intelligence chatbots with a grain of salt due …
PCAOB: ‘John Doe’ Auditor Challenging Enforcement Action Needs to Identify Self
An auditor challenging the constitutionality of PCAOB disciplinary proceedings against him should be required to identify himself, the board argued …
FATCA IDES Migrating to Updated System June 14, 2024
The FATCA International Data Exchange Service (IDES) is migrating to an updated system and vendor beginning at 8 am EDT …
Reminder: 2024 Second Quarter Estimated Tax Payment Deadline is June 17
The IRS is reminding taxpayers who need to make estimated tax payments that the 2024 second quarter estimated tax deadline …
Suit Alleging All Day/Every Day On-Call Duty Fails FLSA Claim
By Debbie Tam The U.S. Court of Appeals for the Tenth Circuit ruled that an employee who claimed to be …
No Heightened Obligation Toward COBRA Qualified Beneficiary With Terminal Illness
Harris v. UnitedHealth Grp., Inc., 2024 WL 2734974 (N.D. Tex. 2024) In a dispute over insurance benefits, an employer was …
Thorny State Digital Tax Issues Dominate Villanova Tax Forum
The Villanova University Graduate Tax Program hosted its second annual State and Local Tax Forum on Thursday, June 6, 2024. …
IRS Official Talks ‘Digital Transformation’ Goals
For the IRS to effectively shift the taxpayer experience to a fully digital landscape, it must leverage teams across different …