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Emma Slack-Jorgensen
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GAO to IRS: Boost Public Education Efforts on Tax Credits
The Trusted Professional
In an Aug. 2025 report, the U.S. Government Accountability Office (GAO) is suggesting that IRS develop a comprehensive…
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IRS Clarifies It Will Share Appeals Case Memorandums Upon Taxpayer Request
The Trusted Professional
In a response to many years of advocacy and mounting concern from the National Taxpayer Advocate (NTA) Erin Collins, the…
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Payroll Departments Brace for Overtime and Benefits Questions Under New Tax Law
Accounting
The One Big Beautiful Bill Act is creating a wave of questions for payroll teams, HR departments, and employees, especially…
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Regulatory Roundup: Aug. 5-11
The Trusted Professional
AICPA CIMA celebrates 60 years of delivering trust, opportunity and prosperity in Hong KongAug 07, 2025 CIMA and MIA renew…
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IRS Shake-Up: Bessent Steps in as IRS Head After Trump Ousts Long
The Trusted Professional
On Aug. 8, President Donald Trump removed IRS Commissioner Billy Long from his position. Long will be replaced on a…
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IRS: No Changes to 2025 Individual Information Returns or Withholding Tables Under the OBBBA
The Trusted Professional
On Aug. 8, the IRS said that, with its phased implementation of the One Big Beautiful Bill Act (OBBA), there will be no…
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New Stablecoin Law Raises Big Tax Questions
Accounting
Accounting Today reports that the recently signed GENIUS Act lays out the first formal regulatory framework for stable…
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SEC Releases Guidance Clarifying Stablecoin Accounting
The Trusted Professional
The SEC has added onto its initial cryptocurrency accounting rules by publishing fresh staff guidance that certain…
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AICPA Asks IRS, Treasury for Immediate Guidance on Domestic Research Costs in the OBBA
The Trusted Professional
On Jul. 31, the AICPA sent a letter to both the IRS and Treasury on the recently enacted section 174A related to domestic…
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