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Regulatory Roundup: March 26-April 1
Regulatory Roundup
AICPA IRS Ends Voluntary Disclosure Program, AICPA Highlights ERC Resources Mar 25, 2024 CBO Cost Estimate H.R. 6365,…
Read More
Federal Agency Recommends Audits of AI Systems to Ensure Transparency and Accountability
Auditing
The U.S. Department of Commerce’s National Telecommunications and Information Administration (NTIA) released its AI…
Read More
IRS Warns of Latest Email and Text Schemes to Defraud Taxpayers
Taxation
The IRS kicked off its annual Dirty Dozen list by warning taxpayers of evolving phishing and smishing scams designed to…
Read More
As Technology Progresses, Certain Accounting Jobs May Fade Away
Accounting
As generative artificial intelligence (AI) takes over more mundane and repetitive tasks, some accounting jobs are at risk of…
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Editor Says IRS's Direct File Offers 'Glimpse of a World Where Government Tech Benefits Millions'
Taxation
The IRS’s free Direct File pilot program may not be perfect, “but it’s a glimpse of a world where government tech…
Read More
Survey Finds Bipartisan Support for Raising Taxes on Ultra-Rich
Taxation
Significant bipartisan support exists for President Joe Biden’s proposal to raise taxes on the ultra-wealthy, Bloomberg…
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IRS Updates Form for Whistleblowers to Report Tax Violations
Taxation
The IRS has revised its form for whistleblowers to report tax violations and to apply for a monetary award in return for the…
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DOL Prepares to Issue Rule Requiring More Financial Professionals to Act as Fiduciaries
Trusted Professional
The U.S. Labor Department (DOL), which regulates retirement plans, is preparing to release a final rule that would require…
Read More
More Than $1 Billion in 2020 Refunds Remain Unclaimed; May 17 Is Deadline to File
Taxation
Almost one million Americans have not claimed their 2020 tax refunds, totaling more than $1 billion; they need to file by…
Read More
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