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IRS Establishes New Unit to Focus on Pass-Throughs
Taxation
The IRS has established a special unit to focus on large or complex pass-through entities, as part of its overall effort to…
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FTC Warns Five Tax Prep Companies Against Unauthorized Personal Data Usage
Taxation
The Federal Trade Commission (FTC) told five tax preparation companies that they could face civil penalties for the use of…
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Companies Face Pending Emissions Disclosure Rules from E.U. and California
Trusted Professional
While many large American companies try to fight pending rules and regulations governing disclosure of their greenhouse gas…
Read More
PCAOB Proposes Amending Rule on Auditors’ Liability for Contributing to Violations
Auditing
The Public Company Accounting Oversight Board (PCAOB) has proposed amendments to its rule on an auditor’s responsibility…
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IRS to Shift General Focus of Audits from Low- to High-Income Taxpayers
Taxation
Using funding from the Inflation Reduction Act, passed a year ago, the IRS will begin to increase the audit rate of…
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Woes Beset the Global Consulting Industry
Trusted Professional
The expansion of the global consulting industry, propelled by increased demand during the COVID-19 pandemic, has come to an…
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IRS Previews Proposed Changes to Research Credit
Taxation
The IRS previewed proposed changes to certain sections of Form 6765, Credit for Increasing Research Activities, also known…
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Legendary Tax Expert and Educator Sidney Kess Dies at 97
Trusted Professional
Renowned tax accountant, attorney and educator Sidney Kess died at the age of 97 on Sunday, Accounting Today reported. Kess…
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Regulatory Roundup: September 12-18
Regulatory Roundup
AICPA AICPA Releases Statement on IRS Announcement Concerning ERC MillsSept. 13, 2023 Keynote speakers announced for ENGAGE…
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