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Private Equity in Accounting Enters a New Phase
Accounting
The first generation of private equity deals in accounting is approaching its inflection point. With holding periods ending,…
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IRS Offers Temporary Simplified Method for Corporate AMT
Accounting
Thomson Reuters reports that corporations navigating the new corporate alternative minimum tax (CAMT) now have the option…
Read More
AICPA Pushes for Key Changes in Senate Version of Tax Bill
Accounting
As the Senate takes up President Donald Trump’s wide-ranging tax legislation, the American Institute of CPAs is pushing…
Read More
IRS Retreats on Basis-Shifting Rule, but Questions Remain
Accounting
According to Accounting Today, the IRS’s proposal to withdraw a Biden-era rule targeting partnership basis-shifting…
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IRS Hotline Sees Improvement, But CPAs Remain Wary of the Road Ahead
Accounting
According to Journal of Accountancy, this year’s tax season saw measurable improvements in IRS hotline service, according…
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SALT Cap Relief in House Tax Bill Comes With Limits for Certain Pass-Throughs
Accounting
The House’s recently passed $4 trillion tax package includes a significant change to the state and local tax (SALT)…
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House Tax Bill Proposes Dismantling of PCAOB, Shifting Oversight to SEC
Accounting
A clause in the House tax bill passed last week carries significant implications for audit oversight: the dissolution of the…
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SEC Faces Staffing Crossroads Amid Agency Retrenchment
Accounting
At a hearing before the House Appropriations Subcommittee this week, Chair Paul Atkins acknowledged the scope of attrition at…
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GAO Poses Tough Questions on IRA Energy Tax Credits
Accounting
In a recent report, the Government Accountability Office sheds more light into the current administration’s regulatory…
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