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Emma Slack-Jorgensen
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TIGTA Finds Fault with Responsiveness of Taxpayer Advocate Services Phone Lines
Taxation
The Treasury Inspector General for Tax Administration (TIGTA) has issued a report finding that the local telephone lines of…
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Report: Undocumented Immigrants Contributed Nearly $100 Billion in Taxes in 2022
Taxation
Undocumented immigrants paid taxes amounting to $96.7 billion in 2022, including funding for government programs that they…
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Federal Appeals Court Rules Cell Phone Tax Unconstitutional
Taxation
In what one expert called "the biggest news in the communications tax world in 20 years," the U.S. Court of Appeals for the…
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Regulatory Roundup: July 30-August 5
Regulatory Roundup
CBO Cost EstimateH.R. 8467, Farm, Food, and National Security Act of 2024August 2, 2024As ordered reported by the House…
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Melancon Says Two Recent Supreme Court Rulings Create Uncertainty for Tax Pros
Taxation
AICPA CEO Barry Melancon commented on two recent Supreme Court cases recently, saying that they create uncertainty, which…
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Senate Republicans Stymie $78B Tax Package That Would Have Aided Businesses and Low-Income Families
Taxation
On Aug. 1, Senate Republicans blocked a $78 billion bill that included tax breaks for businesses and low-income families,…
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Regulatory Roundup: July 23-29
Regulatory Roundup
CBO ReportExpired and Expiring Authorizations of Appropriations for Fiscal Year 2024July 25, 2024CBO reports annually on…
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Survey: Tax Professionals Mostly Optimistic About Generative AI But in No Rush to Adopt It
The Trusted Professional
A new survey conducted by Thomson Reuters found that tax and accounting firm professionals generally believe that…
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FinCEN Estimates Entities Will Spend Millions of Hours Seeking Access to Beneficial Ownership Information
The Trusted Professional
The Financial Crimes Enforcement Network (FinCEN) estimates that entities seeking the beneficial ownership information (BOI)…
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