The Internal Revenue Service’s criminal investigators have been on the lookout for tax evasion by businesses that don’t pay employment taxes.
Day: April 19, 2024
Updated FAQs provide details on phase-in timing of BOI access
The FAQs from Treasury’s Financial Crimes Enforcement Network said access to beneficial ownership information will be phased in, beginning this spring with a pilot program for some federal agency users and concluding in spring 2025, when financial institutions with customer due-diligence requirements will be able to review BOI.
CFO optimism reaches 3-year high, new survey shows
More than one-third of CFOs are very optimistic about the economy, according to a quarterly survey by Grant Thornton, and most finance leaders project growth in net profits over the next 12 months.
IRS unveils draft 1099-DA for crypto
The Internal Revenue Service previewed a draft form for crypto brokers for reporting on the proceeds of digital asset transactions to their customers.
PCAOB finds auditor evaluation deficiencies
Seventeen percent of comment forms in 2021 and 2022 contained auditor evaluation deficiencies, according to the PCAOB.
Hong Kong regulator to probe PwC over Evergrande
The AFRC will investigate an anonymous report alleging deficiencies in the firm’s quality management and the quality of its audits of the Chinese real estate giant.
Biden unveils winners of $2B in green tax credits
A battery-material maker, an electric vehicle charger manufacturer and a rare earth producer were among about 35 recipients of energy tax credits.