The District of Columbia planned to launch a tax amnesty program in early August, in an effort to collect $170 million in known receivables from more than 42,000 individuals and businesses. D.C. is not the only place offering an amnesty this year - Pennsylvania offered a program until June 18. Florida, Nevada and New Mexico are also offering amnesty programs until Sept. 30. The district reportedly expects to earn an estimated $20 million in revenue from the amnesty and has already included the money in its fiscal 2010 budget.
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The Internal Revenue Service's criminal investigators have been on the lookout for tax evasion by businesses that don't pay employment taxes.
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The Internal Revenue Service previewed a draft form for crypto brokers for reporting on the proceeds of digital asset transactions to their customers.
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Seventeen percent of comment forms in 2021 and 2022 contained auditor evaluation deficiencies, according to the PCAOB.
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KPMG enters $1.1 million partnership with Women's Health Access Matters; UHY releases nonprofit trends report; and more news from across the profession.
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Plus, LeaseCrunch announces webinar on lease changes and remeasurements; and other accounting technology updates.
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While still a minority in the accounting world, remote partners offer unique benefits amid talent shortages.
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