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Emma Slack-Jorgensen
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Billionaire Disputes IRS Position on Self-Employment Tax on Limited Partnership Income
Taxation
Billionaire Steve Cohen is challenging an IRS self-employment tax assessment on $344 million of earnings from 2015 and 2016…
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Regulatory Roundup: August 15-21
Regulatory Roundup
AICPA Enrollment open for prestigious executive management course on sustainable financial strategyAug 15, 2023 CBO Cost…
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U.S. Credit Card Debt Reaches New High of $1 Trillion, New York Fed Reports
The Trusted Professional
Total household debt in the United States increased to more than $17 trillion in the second quarter of 2023, the Federal…
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PCAOB Chair Working to Ramp Up Enforcement, Update Standards
Auditing
Public Company Accounting Oversight Board (PCAOB) Chair Erica Williams has implemented many changes since she took over in…
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A Guide to Becoming an IRS Whistleblower
Taxation
Reporting tax evasion or other forms of noncompliance can be an arduous, and ultimately unsuccessful, endeavor, so The Wall…
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While a Recession Is No Longer Forecast, a 'Richcession' May Be Emerging
The Trusted Professional
The staff of the Federal Reserve Board no longer forecasts a recession, but some economists call the current economic…
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IRS Commissioner Lauds Inflation Reduction Act's Funding for Agency's Improvements
Taxation
Funding from the Inflation Reduction Act has enabled additional staffing and improved customer service at the IRS,…
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Conference Speaker: Cannabis Business in New York Continues to Evolve
The Trusted Professional
The cannabis business in New York continues to evolve since it was first legalized more than two years ago, Renata Serban…
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PCAOB Sanctions Seven Firms for Violations
Auditing
The Public Companies Accounting Oversight Board (PCAOB) announced last week that it sanctioned seven audit firms, imposing…
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