After resurrecting its Professor in Residence program earlier this year, the Internal Revenue Service has selected Gregg D. Polsky as its 2007-2008 PIR. Polsky recently joined the faculty at Florida State University's College of Law as the Sheila M. McDevitt Professor of Law. He also spent six years on the faculty at the University of Minnesota Law School. Polsky was also in private practice with the firm of White & Case LLP. He succeeds Calvin Johnson, whose term ended May 31. Polsky's term begins in September. Dormant since the late 1980s, the Professor in Residence program provides a forum for legal academicians to contribute and develop legal tax policy and administration. The professor in residence reports to IRS chief counsel Donald Korb.
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Despite high confidence from leaders in AI outputs, more than a quarter of executives said internal audits have detected AI errors that reached external audiences or the board.
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The Treasury Department's Financial Crimes Enforcement Network issued a final rule permanently removing the requirement for U.S. companies and people to report beneficial ownership information.
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The American Institute of CPAs asked the Treasury and the IRS to revise three of their recent notices on the corporate alternative minimum tax.
August 11 -
The proposed regulations clarify nondiscrimination requirements for employers offering Trump account contribution programs and dependent care assistance.
August 11 -
The International Financial Reporting Foundation named Steven Maijoor as the next chair of the IFRS Foundation Trustees, and Sam Woods as chair of the International Accounting Standards Board.
August 11 -
UHY acquired Michigan CFO Associates in Clinton Township, Michigan, expanding the Top 50 Firm's advisory capabilities.
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