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Emma Slack-Jorgensen
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IRS, Treasury to Withdraw Basis-Shifting Transactions-of-Interest Regulations
Taxation
The Treasury Department and the IRS are set to publish a forthcoming notice of proposed rulemaking (NPRM) that removes basis…
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IRS' Direct File Program Could Be Axed Soon
The Trusted Professional
The Trump administration is set to eliminate the IRS’ Direct File program, according to The Associated Press, citing two…
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Tax Day Comes and Goes Despite Layoffs and Technology Delays at the IRS
Accounting
Amid the sweeping layoffs, resignations and stalled modernization layoffs, the IRS marked the 70th anniversary of the modern…
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NFIB Urges Treasury to Destroy Millions of BOI Records
Accounting
After a complete overhaul in the federal reporting rules regarding beneficial ownership information (BOI), Journal of…
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Accounting as a STEM Legislation Reintroduced in U.S. Congress
Accounting
This week U.S. Representatives Young Kim (CA-40) and Haley Stevens (MI-11) reintroduced a bill that will allow accounting to…
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Why DEI Is Shifting Into a More Cautious Mode
Accounting
Diversity, equity and inclusion (DEI) programs may be disappearing from headlines, but that doesn’t mean the work is…
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Many Participating States See Less Taxpayers Using the IRS Direct File Program
The Trusted Professional
States that formed partnerships with the IRS to provide the agency's Direct File program are experiencing minimal demand for…
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Trump Signs Legislation Halting IRS Tax Rule on Crypto
The Trusted Professional
According to Bloomberg, President Donald Trump has signed legislation to stop the IRS rule that would have compelled some…
Read More
FASB Votes for Proposed Update to GAAP Derivates Standards
The Trusted Professional
According to CFO Dive, the Financial Accounting Standards Board (FASB) last week voted for a proposed update to generally…
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