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Emma Slack-Jorgensen
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OECD Releases Report on One Aspect of Global Corporate Tax Changes, in Effort to Ease Confusion
Taxation
Authorities in countries that have signed on to the international agreement on setting global taxes are trying to lessen the…
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IRS Commissioner Says Wealthy Individuals Evade $150B a Year in Taxes
Taxation
As the IRS uses some of its Inflation Reduction Act funding to increase its enforcement efforts, it has launched an…
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Regulatory Roundup: February 21-26
Regulatory Roundup
AICPA AICPA & CIMA Join International Initiatives to Support Implementation of IFRS Sustainability Disclosure Standards…
Read More
Leap Day Presents CFOs with Extra Accounting Considerations
Accounting
It’s a quadrennial issue for chief financial officers, The Wall Street Journal reported: accounting for leap day, Feb. 29,…
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IRS's Free Direct File Pilot to Be Ready for Use in Coming Days
Taxation
The IRS's free tax preparation system, Direct File, has passed its internal testing and will soon be available to taxpayers…
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Senate Committee Calls Private Placement Life Insurance a Tax Shelter for Ultra-Wealthy
Taxation
The private placement life insurance (PPLI) industry is a $40 billion “tax dodge” for the ultra-wealthy, a report by the…
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IRS to Audit Use of Private Jets
Taxation
The IR plans to begin dozens of audits of business aircraft involving personal use, the agency announced, as it steps up…
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PCAOB’s Sanctions Four Firms for Violations Involving Audit Committee Communications
Auditing
The Public Company Accounting Oversight Board (PCAOB) announced settled disciplinary orders that sanction four audit firms…
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IRS Criminal Investigation Unit Continues to Investigate Fraudulent ERC Claims
Taxation
As the IRS investigates bogus claims for the Employee Retention Credit (ERC), its Criminal Investigation unit (IRS CI) will…
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