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The IRS cybersecurity program has some key weaknesses, according to a recent inspector general report.
August 7 -
Paxos will publish a third-party attestation by an accounting firm on PYUSD's reserve assets.
August 7 -
The Treasury Department said Friday they will be issuing rules for prescription drug makers and importers about a new tax imposed by the IRA.
August 4 -
21-year-old student Aidan Hunt advises IRS commissioner and recommends policy and administrative changes as a member of its Advisory Council.
August 4 -
The chair and senior partner of PwC shares why it's important for firms to have their employees' backs.
August 4 -
The Chartered Institute of Management Accountants and the Chartered Professional Accountants of Canada signed a memorandum of understanding.
August 4 -
The board is looking for nominations for new members of its Investor Advisory Group and its Standards and Emerging Issues Advisory Group.
August 4 -
The service released information on how taxpayers can claim the energy efficient home improvement credit.
August 4 -
The unemployment rate dipped one-tenth of a point to 3.5%, the U.S. Bureau of Labor Statistics reported.
August 4 -
The service is trying to fully staff its in-person TACs around the country, but first it has to make them easier to locate.
August 3 -
The service isn't doing enough to safeguard sensitive information when it's shipped between tax processing centers, according to a new report.
August 3 -
The Treasury wants to curb the use of some types of transactions by listing them as potentially abusive tax dodges.
August 3 -
Business entities subject to the CTA will face significant new reporting and related record-keeping obligations. There are several things advisors should consider.
August 3 -
Digital World Acquisition blasted Marcum for not adhering to "requisite audit procedures" that would have identified the accounting errors sooner.
August 3 -
The Internal Revenue Service hopes to process all of the tax correspondence, notice responses and nontax forms it receives digitally in the next two years.
August 2 -
The Center for Audit Quality is working to convince the board to water down a proposed update telling auditors to be on the lookout for fraud and other signs of noncompliance.
August 2 -
Annual pay grew 6.2% year over year, according to payroll processor ADP, which separately added generative AI features to its software.
August 2 -
Several tax lawyers said agents may have gone too far by looking for crimes in transactions that promoters promised were permissible under a 2011 tax treaty.
August 2 -
The Treasury Department is trying to modernize the badly outdated agency in a bid to improve customer service and ramp up enforcement.
August 2 -
The Supreme Court will hear Moore v. U.S., a case involving taxation of unrealized income that experts suggest could have major ramifications.
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