The Bush administration has singled out 15 states that it claimed used improper accounting methods to garner excessive amounts of federal Medicaid money. Officials claimed that Alabama, Alaska, California, Georgia, Idaho, Illinois, Iowa, Massachusetts, Minnesota, Mississippi, North Carolina, North Dakota, Tennessee, Virginia and Washington all have been recycling federal monies rather than using both state and local tax revenue to pay their share of Medicaid costs. According to reports, Secretary of Health and Human Services Michael O. Leavitt had often charged that select states have used improper accounting techniques or "gimmicks" to shift the costs of Medicaid to the Treasury.
-
Speedy sentencing; WWTF; no longer Confident; and other highlights of recent tax cases.
8h ago -
The Internal Revenue Service and the Treasury Department released final regulations on the transfer of clean energy manufacturing, investment and production tax credits, with specific rules for partnerships and S corporations.
April 25 -
Sens. Cassidy and Warren teamed up to introduce legislation aimed at making math error notices from the IRS easier to understand.
April 25 -
A recent experiment tested different generative AI models against each other on the CPA Exam and found they each have their own strengths and weaknesses.
April 25 -
Firms must transform their business models to afford the cost of multilayered retention strategies, a new report by the Pennsylvania Institute of CPAs says.
April 25 -
The IRS has long offered alternative dispute resolution, but says use has declined in recent years, and it hopes to make it more attractive and accessible.
April 24