Payroll Fraud in the News: Types of Fraud and How to Prevent It
By Debbie Tam A recent report released by the Association of Certified Fraud Examiners (ACFE) revealed that payroll fraud schemes make up …
Agencies Finalize Regulations Limiting STLDI, But Hold Back Several Fixed Indemnity Proposals
Short-Term, Limited-Duration Insurance and Independent, Noncoordinated Excepted Benefits Coverage, 26 CFR Part 54; 29 CFR Part 2590; 45 CFR Parts 144, …
Incorporating New SEC Rules Into Disclosure Review Program is a Priority, Senior Official Says
A senior Securities and Exchange Commission (SEC) official said that a key priority for the Division of Corporation Finance (CorpFin) …
Tax Court: Petition Was Timely Filed, Filing Period Subject to 60-Day Disaster Extension
Petitioners were entitled to an automatic, mandatory 60-day postponement period to file their Petition. Therefore, petitioners’ petition was filed timely, …
IRS Issues New Guidance for Energy Facilities in Low-Income Communities
The IRS has issued new application and documentation procedures for the low-income communities bonus credit program (Program) for the 2024 …
West Virginia Expands Subtraction for Social Security Benefits
By Jennifer J. Troyer On March 27, 2024, West Virginia Governor Jim Justice signed legislation expanding the subtraction from federal …
US Taxpayers Living Abroad Have Until June 17 to File US Return and Pay US Tax
With April 15 fast approaching, the IRS is reminding taxpayers living abroad that they have until Monday, June 17, 2024, …
Tax Court Finds Conservation Easement Extinguishment Reg Invalid; Rule Violated APA
Ruling for the plaintiff in a conservation easement case, the Tax Court on March 28, held that the IRS’ rule …
SCOTUS Hears Arguments in Estate Tax Life Insurance Stock Redemption Case
The Supreme Court heard oral arguments to settle a circuit court split over whether life insurance proceeds following a shareholder’s …
Anonymous Audit Firm Sues PCAOB to Block ‘Excessively Intrusive and Burdensome’ Investigative Demand
An audit firm subject to a PCAOB investigation over the auditing of crypto assets on March 27, 2024, sued the …