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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Wolters Kluwer announced the launch of "Expert AI," which will be woven throughout its CCH Axcess product, its capacities now integrated across tax, audit, and firm management workflows.
October 15 -
The Trump administration's tax bill has created the opportunity to deduct domestic R&E expenses
October 15 -
The Public Company Accounting Oversight Board found that 29% of companies with major restatements reported an auditor change in the year preceding the restatement.
October 15 -
A review of over 800 calls found that the overwhelming majority of phone interactions with Internal Revenue Service reps were courteous and professional.
October 15 -
Despite the government shutdown, the IRS is reminding taxpayers and tax professionals that 2024 tax returns that were put on extension are still due.
October 14 -
Taxpayer Advocate Erin Collins warns about the potential downsides for some taxpayers of the IRS moving entirely to electronic payments.
October 14