Bad apples; sham on you; yet another emergency; and other highlights of recent tax cases.
Day: May 30, 2024
Frequent financial reporting helps investors predict performance
The more frequently companies report their earnings, the less likely investors are to make knee-jerk investment decisions, according to recent research.
IRS free filing program to become permanent with expanded scope
Commissioner Danny Werfel said the successful pilot program of Direct File encouraged the IRS to make the program available in all states and the District of Columbia.
Cannabis rescheduling points to new opportunities
If marijuana is reclassified, lots of businesses may want to reconsider their structure.
IRS plans to make free tax prep permanent
The Internal Revenue Service intends to expand the number of states and tax situations in which the free Direct File system will be available.
Short seller Chanos sued by partner alleging misuse of funds
The lawsuit alleges that Jim Chanos “planned on using his power as general partner to run the company into the ground, enjoy the tax benefits of his financial shenanigans, and leave his partners with nothing.”