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Emma Slack-Jorgensen
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FASB to Require More Tax Disclosure
Accounting
In a move to provide investors with greater transparency, the Financial Accounting Standards Board (FASB) voted to require…
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AI-Generated Voice Deepfakes Become New Tool for Fraudsters
The Trusted Professional
Scammers have found a way to use artificial intelligence (AI)-generated voice deepfakes to trick people out of their money,…
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Judge Reverses Previous Order and Holds 30 Cannabis License Applicants Not Exempt from Injunction
The Trusted Professional
A New York state judge has reversed a previous order that had exempted 30 cannabis store applicants from an injunction he…
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Accounting Firms Unite to Demand Timely Payments from Clients
The Trusted Professional
Practice management software company Ignition has initiated a movement among accounting firms to demand timely payments from…
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Advocates for Taxpayers Victimized by Fraudulent Preparers Complain of IRS Inaction
Taxation
Many taxpayers have been unwitting victims of unscrupulous tax preparers in the past decade, but the IRS and federal law…
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Two GOP Lawmakers Want IRS Commissioner to Explain Missing Taxpayer Records
Taxation
Reacting to a recent government report that the IRS misplaced sensitive tax information, two Republican lawmakers have…
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IRS Extends Period for Roth IRA Catch-up Contributions
Taxation
The IRS announced an extension for Roth catch-up contributions for certain people. Under the new guidance, Notice 2023-62 ,…
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Regulatory Roundup: August 22-28
Regulatory Roundup
AICPA AICPA Submits Comment Letters Addressing Form 3520 and Form 3520-A IssuesAug 23, 2023 AICPA Submits Comments on…
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TIGTA: IRS Employees May Have Violated Policy by Directly Contacting Represented Taxpayers
Taxation
IRS employees may have violated policies and procedures governing the direct contact of represented taxpayers, the…
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