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IRS and Federal Government to End Paper Check Payments by Sept. 30
Auditing
According to a new executive order signed by President Donald Trump, the IRS and all federal agencies will stop issuing and…
Read More
Revenue Agents Lead Wave of IRS Job Losses Amid Ongoing Workforce Cuts
Accounting
The IRS is undergoing significant workforce reductions, with revenue agents making up the largest share of recent job…
Read More
AICPA Calls for Clearer Instructions on Estate Tax Form 8971
Accounting
CPA Practice Advisor reports that the AICPA)has submitted a letter to the IRS recommending updates to the instructions for…
Read More
SEC Might Soon Approve a Novel Fund Model That Lowers Tax Bills for Asset Managers' Clients
Taxation
A revolutionary fund structure that will allow asset managers to decrease their clients’ tax payments while…
Read More
IRS, Treasury to Withdraw Basis-Shifting Transactions-of-Interest Regulations
Taxation
The Treasury Department and the IRS are set to publish a forthcoming notice of proposed rulemaking (NPRM) that removes basis…
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Tax Day Comes and Goes Despite Layoffs and Technology Delays at the IRS
Accounting
Amid the sweeping layoffs, resignations and stalled modernization layoffs, the IRS marked the 70th anniversary of the modern…
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NFIB Urges Treasury to Destroy Millions of BOI Records
Accounting
After a complete overhaul in the federal reporting rules regarding beneficial ownership information (BOI), Journal of…
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Budget Plan Passes the House, but Trump Cuts Still Need to Overcome Many Obstacles
Taxation
On April 10, the U.S. House of Representatives passed a budget plan that paves the way for extending President Donald…
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AICPA Issues Comment Letter on GST Exemption
Accounting
The AICPA has sent a comment letter responding to the Treasury Department's and the IRS' efforts to address the need to…
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