Monthly Archives: January 2023

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FinCEN proposes rules about access to beneficial ownership information

Category:Uncategorized

Proposed regulations under the Corporate Transparency Act address protocols for access to beneficial owner information by authorized recipients.
Source: Tax News
Read More here – FinCEN proposes rules about access to beneficial ownership information


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FinCEN proposes rules about access to beneficial ownership information

Category:Uncategorized

Proposed regulations under the Corporate Transparency Act address protocols for access to beneficial owner information by authorized recipients.
Source: JOA News
Read More here – FinCEN proposes rules about access to beneficial ownership information


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National taxpayer advocate: IRS in better shape now than a year ago

Category:Uncategorized

Erin Collins mentions improvement in her annual report to Congress, but she says the IRS still needs to deal with the unanswered phone calls, including the 16% answer rate at the Practitioner Priority Service line.
Source: Tax News
Read More here – National taxpayer advocate: IRS in better shape now than a year ago


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National taxpayer advocate: IRS in better shape now than a year ago

Category:Uncategorized

Erin Collins mentions improvement in her annual report to Congress, but she says the IRS still needs to deal with the unanswered phone calls, including the 16% answer rate at the Practitioner Priority Service line.
Source: JOA News
Read More here – National taxpayer advocate: IRS in better shape now than a year ago


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Advice for M&A professionals tasked with a finance transformation

Category:Uncategorized

Most mergers and acquisitions involve some form of a finance transformation, according to a new Deloitte survey that looks at related challenges and how to address them.
Source: JOA News
Read More here – Advice for M&A professionals tasked with a finance transformation


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PEEC updates code for compliance audits

Category:Uncategorized

The AICPA Professional Ethics Executive Committee (PEEC) approved updates to the AICPA Code of Professional Conduct, including two new definitions and one revised definition.
Source: JOA News
Read More here – PEEC updates code for compliance audits


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Unemployment compensation exclusion corrections led to 12 million refunds

Category:Uncategorized

Nearly 12 million taxpayers received refunds for 2020 through automatic corrections the IRS made because the American Rescue Plan Act added an exclusion for unemployment compensation after some taxpayers had already filed their returns.
Source: Tax News
Read More here – Unemployment compensation exclusion corrections led to 12 million refunds


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Unemployment compensation exclusion corrections led to 12 million refunds

Category:Uncategorized

Nearly 12 million taxpayers received refunds for 2020 through automatic corrections the IRS made because the American Rescue Plan Act added an exclusion for unemployment compensation after some taxpayers had already filed their returns.
Source: JOA News
Read More here – Unemployment compensation exclusion corrections led to 12 million refunds


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Addressing ESG: Experts advise action but also patience

Category:Uncategorized

Regulation is an important step to establishing a baseline for ESG reporting, but it’s only a first step, according to panelists at the AICPA & CIMA Conference on Current SEC and PCAOB Developments.
Source: JOA News
Read More here – Addressing ESG: Experts advise action but also patience


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TIGTA: 14,000 taxpayers improperly subject to private collection agencies

Category:Uncategorized

A TIGTA audit report says the IRS wrongly included over 14,000 low-income taxpayers among those subject to private collection agencies. The IRS disputed the report, saying those taxpayers aren’t protected by the Taxpayer First Act.
Source: Tax News
Read More here – TIGTA: 14,000 taxpayers improperly subject to private collection agencies