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IRS Targets Tax Loopholes in Partnership Transactions with New Rules
Taxation
On Jan. 10, the IRS and Treasury Department released final regulations that bring certain partnership-related transactions…
Read More
Regulatory Roundup: January 7-13
Regulatory Roundup
AICPA CGMA Designation Recognized as Equivalent to “Senior Engineer” in Shenzhen Jan 09, 2025CBO Cost Estimate…
Read More
Driving Sustainability: New IRS, Treasury Proposed Rules Propel Clean Vehicles and Fuels Forward
Taxation
On Jan. 10, the U.S. Treasury Department and IRS published a Notice of Proposed Rulemaking (NPRM) on the credit for…
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IRS Proposes New Rules for Roth Catch-Up Contributions Under SECURE 2.0 Act
Taxation
The IRS and Treasury Department have issued proposed regulations to implement key provisions of the SECURE 2.0 Act…
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Another Texas Court Issues a Preliminary Injunction on the Corporate Transparency Act
Accounting
Another federal court in Texas has once again blocked the Corporate Transparency Act (CTA) and its beneficial ownership…
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Taxpayer Advocate Gives IRS a Mixed Review in 2024 Annual Report
Taxation
The 2024 Annual Report to Congress by National Taxpayer Advocate Erin Collins is a mixed evaluation of the IRS. It praises…
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Blackstone's Investment in Citrin Cooperman Shows PE's Growing Role in Accounting Profession
Accounting
Blackstone has acquired a significant stake in top 20 tax firm Citrin Cooperman, Wall Street Journal reported. The…
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Audit Firms Push Back and Ask SEC to Reject PCAOB Metrics
Auditing
Audit firms are calling on the Securities and Exchange Commission (SEC) to reject new metrics proposed by the Public Company…
Read More
Justice Department Urges Supreme Court to Stop CTA Injunction
Accounting
On Dec. 31, the Department of Justice (DOJ) asked the U.S. Supreme Court to issue a stay of the preliminary injunction that…
Read More
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