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Clear filters
IRS: Social Media Sites Can Provide Bad Tax Advice
Taxation
Social media is not the place to go for solid tax advice, The Washington Post reported the IRS warning taxpayers. “Social…
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Taxpayers Should Be Careful About Claiming Deductions on Their Tax Returns
Taxation
Every year at tax time, people try to claim certain deductions that the IRS will not allow. But there are some that are…
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SEC Stays Climate Disclosure Rules Due to Ongoing Litigation
Accounting
The Securities and Exchange Commission (SEC) will stay its new rules on climate-related disclosures, The Wall Street Journal…
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SEC Senior Enforcement Official: Self-Reporting Can Lower Recordkeeping Rule Violations Penalties
Accounting
When a financial firm discloses recordkeeping rule violations directly to the Securities and Exchange Commission (SEC), such…
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Survey: Half of Taxpayers Distrust AI To Do Their Taxes
Taxation
As tax preparation providers offer artificial intelligence in their products, the technology is still not trusted by half of…
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IRS: Avoid “Help” From Third Parties Offering To Set Up Your Online Account
Taxation
On the third day of its 2024 Dirty Dozen series, the IRS warned taxpayers about scammers who try to sell their expertise or…
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IRS Criminal Investigation Recovered Almost $9 Billion in Covid-Related Fraud
Trusted Professional
As the IRS continues to investigate COVID fraud, four years after the start of the pandemic, its Criminal Investigation…
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Cannabis Businesses Have a Cash Problem: Too Much of It on Hand
Trusted Professional
Though cannabis is now legal in most U.S. states, many banks and credit card companies won’t do business with cannabis…
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Accountant Shortage Prevents Tupperware from Making Timely SEC Filings
Accounting
The ongoing accountant shortage has hit an iconic American brand, Tupperware, The Wall Street Journal reported. The…
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