Category Archives: Tax News

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Elimination of PCAOB can’t remain in budget bill, Senate official rules

Category:Tax News

The Senate parliamentarian’s office determined that a provision aimed at folding the PCAOB into the SEC doesn’t qualify for the budget reconciliation process.


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Lessons from a CPA whose firm delivered a ‘textbook response’ to data breach

Category:Tax News

The owner of a CPA firm in Texas told attendees at an AICPA & CIMA ENGAGE 25 session on data security that the breach was one of the hardest things she had experienced in her career, yet she came out of it with clients still viewing her positively.


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SEC names new chief accountant

Category:Tax News

Kurt Hohl, CPA, is set to begin the role with the SEC in early July. He replaces Paul Munter, who left the job in January.


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Tax provisions of Senate Finance’s version of the budget bill

Category:Tax News

The 549-page text calls for making many provisions of the Tax Cuts and Jobs Act permanent. The committee says that the SALT cap amount is “the subject of continuing negotiations.”


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AICPA makes Priority Guidance Plan recommendations to IRS

Category:Tax News

In addition to its 183 recommendations for the IRS plan, the AICPA encouraged the agency to continue to pursue tax simplification.


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Supreme Court: Tax Court lacks jurisdiction after removal of levy

Category:Tax News

Reversing the Third Circuit, the Court holds that the Tax Court lacked jurisdiction over a collection due process appeal of a levy once the taxpayer’s underlying tax liability was satisfied and the IRS removed the levy.


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Insights from ENGAGE: Clever ways to improve your focus at work

Category:Tax News

Technology is responsible for creating decision fatigue, but a productivity expert shares how you can use those same technologies to reverse the impact and gain greater focus.


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IRS provides additional transitional relief for certain digital asset brokers

Category:Tax News

The relief applies to brokers who must report certain digital asset sales and exchanges on Form 1099-DA and is in response to public comment that brokers need more time to comply.


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Senate confirms Billy Long as IRS commissioner

Category:Tax News

The former Missouri congressman is the sixth head of the IRS since January. He was confirmed by a vote of 53-44.


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What some state CPA leaders are saying about PTET SALT deduction

Category:Tax News

CPA societies from 53 states and jurisdictions have backed the AICPA in the PTET SALT deduction effort. On Thursday, five state CPA leaders explained more about why they want the deduction preserved.