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More Than a Dozen Companies Report Owing 15% Corporate Alternative Minimum Tax for 2023
Taxation
The corporate alternative minimum tax (CAMT), which took effect in January 2023, has already affected more than a dozen…
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IRS Criminal Investigation Unit Warns Taxpayers to Be Aware of Money Mule Networks
Taxation
The IRS's Criminal Investigation (IRS CI) unit warned taxpayers to be aware of money mule networks—"criminal enterprises…
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Even Scaled-Back SEC Climate Disclosure Rules Present CFOs with Challenges
Accounting
Despite the Securities and Exchange Commission (SEC)’s scaling back of its original proposed rules on corporate climate…
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IRS Issues Fewer Refunds So Far Than This Time Last Year, Due to Shorter Filing Season
Taxation
The IRS has issued fewer refunds so far this year than it had at the same time last year, CPA Practice Advisor reported. By…
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Most Tax Returns Are Accepted as Filed, But Certain Anomalies Prompt Audits or Notices
Taxation
The IRS accepts most tax returns, while identifying some for closer examination for various reasons, including random…
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Minnesota Senate Advances Bill to Provide Alternatives to 150-Hour Rule
Trusted Professional
Minnesota State Capitol. Photo by McGhiever, Creative Commons License The Minnesota state Senate has advanced a bill,…
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Regulatory Roundup: March 5-11
Regulatory Roundup
AICPA AICPA Makes Recommendations for Digital Asset Transactions RegulationsMar 11, 2024 Media comment on UK Spring BudgetMar…
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SBA Acts to Collect Billions in Delinquent COVID-19 Loans
Trusted Professional
The Small Business Administration (SBA) began referring as much as $20 billion in delinquent COVID-19 disaster loans with…
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New York State Announces Free E-File Program in Partnership with IRS
Taxation
As the IRS's Direct File pilot program opens on March 12 for eligible New Yorkers, the state will launch a similar program…
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