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Chris Rokos, who runs the hedge fund that bears his name, sued Deloitte and a U.S. law firm after 39.4 million pounds ($52 million) in tax relief was thrown out by U.K. authorities.

The company's offering is aimed at wealth management and accounting firms supporting high-net-worth clients.

At issue is China's refusal to let inspectors from the PCAOB review audits of some Chinese businesses.

The exposure draft covers leases, fiduciary activities and other topics.

Accountants and tax pros have been crucial to helping small businesses get through COVID-19 so far, said Thomson Reuters' Charlotte Rushton.

A Massachusetts plan would make remittances automatic and immediate.

But the IRS would need more resources, writes Natasha Sarin, an assistant professor of law at UPenn.

Biden and Trump tariffs; e-commerce and the holiday season; afterlife; and other highlights from our favorite tax bloggers.

The foundation also appointed five new trustees.

Practitioners share their expectations around the potential for more action from tax authorities.