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IRS Data Book for FY 2021 Reveals Collection of $4.1 Trillion in Taxes
Taxation
The IRS has issued its Data Book for fiscal year 2021 (Oct. 1, 2020-Sept. 30, 2021), revealing that the agency collected…
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Regulatory Roundup - May 24-31
The Trusted Professional
CBO Cost Estimate H.R. 2020, Post-Disaster Assistance Online Accountability Act May 27, 2022 As ordered reported by the…
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IRS Updates ‘Where’s My Refund?’ Tool to Include Two Previous Years
Taxation
The IRS has announced that its “Where’s My Refund?” tool now allows taxpayers to check the status of their two…
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Sen. Wyden Asks Mazars for More Information About Trump Tax Returns
Taxation
Sen. Ron Wyden Sen. Ron Wyden (D-Ore.), the chairman of the Senate Finance Committee, has sent a letter to Mazars USA LLP,…
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TIGTA Report: IRS Issued Potentially Improper Recovery Payments Totaling $898M
Taxation
A report issued by the Treasury Inspector General for Tax Administration (TIGTA) has found that the IRS issued potentially…
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Study: Worldwide Corporate Tax Rates Reach New Low
Taxation
A recent study has found that the average corporate tax rate for major economies fell to a new low of 25.1 percent in…
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Regulatory Roundup - May 10-23
The Trusted Professional
AICPA AICPA Recognizes 2021 Top CPA Exam Performers with Elijah Watt Sells Award May 19, 2022 New AICPA Chair Looks to…
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AICPA and Member of Congress Criticize IRS Over Destruction of Information Returns
The Trusted Professional
The AICPA and a member of Congress have sharply criticized IRS over its destruction of roughly 30 million paper information…
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Bipartisan Bill Introduced in Senate Would Bar Tax Breaks for Companies Paying Taxes to Russia, Belarus
Taxation
A bipartisan bill introduced in the Senate on Thursday would bar companies that pay taxes to Russia or Belarus from…
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