Organization Root Tag

The former bankers have told criminal investigators the bank is still helping U.S. clients hide accounts, even after paying $2.6 billion in penalties and promising to stop the practice.

Ernst & Young acquired Tao Leadership; Withum added Glick & Associates; Erickson, Brown & Kloster plans to combine with Osborne, Parsons & Rosacker; and Harris CPAs merged in Ataraxis Accounting and Advisory Services and Deagle Ames.

U.S. legislation designed to protect trillions in assets from chaos when global regulators phase out the interest-rate benchmark Libor is being held up in the House.

The accounting close solution provider is joining the Business Application ISV Connect Program.

The program will offer students and professionals a more attainable pathway to earn the Chartered Global Management Accountant designation.

The employee-led Birdies Fore Love campaign, in connection with the 12th annual RSM Classic PGA Tour golf tournament, raises funds for various nonprofits focused on education and quality of life for children and families in need.

Just 1,275 families paid $9.3 billion in estate tax in 2020, down from $20 billion from nearly 5,500 families in 2018.

The service seized $3.5 billion worth of cryptocurrencies during fiscal 2021, according to an IRS criminal investigation annual report

A bipartisan group of lawmakers wants to alter who counts as brokers of crypto assets, less than a week after the current designation became law.

The advisory group’s annual report supports the IRS’s 2022 budget request.

More companies have issued financial restatements in the second quarter of 2021 than any year since 2013, driven in part by recent SEC guidance on SPACs.

The Internal Revenue Service posted a series of videos to explain how taxpayers can steer clear of scammers who claim to be able to help them with their tax debts while charging exorbitant fees and making outrageous claims.

The Internal Revenue Service is strengthening the identity verification and sign-in process for its online self-help tools after a number of high-profile data breaches.

The ASU requires businesses to disclose information about some types of government assistance they receive within the notes to their financial statements.

Should educators and students be concerned about these changes?

Keeping your peeps; Better’s economic impact; new to us; and other highlights from our favorite tax bloggers.

The service has increased the number of transcripts that tax professionals can order per client to 30, up from 10 previously.

New guidance on the temporary 100% deduction is available in Notice 2021-63.

The service agreed to ease its policies for low-income taxpayers who are trying to settle their tax debts and still get tax refunds.

Legislators are anticipating the Congressional Budget Office projections, which will be released by Friday.