The Treasury Department tapped Robert Carroll, deputy assistant secretary for tax analysis, and deputy assistant secretary for regulatory affairs, Eric Solomon, to assume interim leadership roles in tax policy until a new assistant secretary for tax policy is appointed. In those roles, Carroll will provide economic advice and analysis with regard to tax policy issues on behalf of the Treasury, while Solomon will continue to direct the regulatory guidance process in his current role as deputy assistant secretary for regulatory affairs. He also will serve as the acting deputy assistant secretary for tax policy. The moves come roughly one week following the Dec. 17 resignation of Greg Jenner, who served as acting assistant secretary for tax policy. Jenner assumed that post after incumbent Pamela Olson left the Treasury for a job in the private sector. Under current law, the president must either nominate a new Treasury assistant secretary for tax policy or designate an acting leader.
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Toxic pollutants; fabricated gambling winnings and losses; financial shortfalls; and other highlights of recent tax cases.
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Advisors can leverage the updated opportunity zone program, starting in January, to help ultrahigh net worth clients defer capital gains.
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The projected U.S. tax rates give tax professionals an early look at potential adjustments that could affect their 2027 tax planning for their clients.
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Plus, Cherry Hill Advisory launches set of free AI tools; Datarails launches finance ticketing system; and other accounting tech news.
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Nick Steiner is planning to build on the firm's Bay Area and Silicon Valley roots, while offering AI consulting for clients.
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With AI taking on a growing share of routine tasks, accounting firms want more than just productivity from their partners.
September 10







