The Senate has confirmed Douglas H. Shulman as the new commissioner of the Internal Revenue Service. Shulman, formerly vice chair of the Financial Industry Regulatory Authority, was nominated in November to replace Acting Commissioner Linda Stiff.“For the majority of Americans who pay their taxes willingly and on time, there must be clear guidance, accessible education and outstanding service,” Shulman said in a statement. “Our aim should be to make it as easy as possible for citizens to pay the correct amount of taxes in the most efficient and least burdensome manner possible. For taxpayers who intentionally evade paying taxes, there must be rigorous enforcement programs.”
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The Top 50 Firm acquired Mass Ingenuity, a Portland, Oregon-based software-as-a-service company, effective April 1.
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The percentage of IRS employees who work from home plummeted from 65% to 25% last year after President Trump ordered federal employees to return to in-person work.
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The IRS and Treasury are providing guidance on how states, territories and the District of Columbia can nominate census tracts to be qualified opportunity zones.
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The Financial Accounting Standards Board is studying current trends and emerging issues in data infrastructure investments and nontraditional lending.
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The Internal Revenue Service expanded its Business Tax Accounts to partnerships, tax-exempt organizations, and federal, state, local and tribal governments.
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Wisconsin Governor Tony Evers signed a bill into law on April 3, establishing an additional pathway to CPA licensure.
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