To the mat; extra help; FACS of the case; and other highlights of recent tax cases.
Day: October 31, 2024
Reinforcing DEI accountability
Even as the climate for diversity, equity and inclusion remains volatile, the near- and longer-term impacts of DEI on the accounting profession amplify shared accountability.
IPSASB proposes climate disclosure standard for public sector
The International Public Sector Accounting Standards Board released a draft version of a sustainability reporting standard for use by governments around the world.
IRS fee increases deter private letter ruling requests
Fee increases may be discouraging taxpayers from seeking private letter rulings from the Internal Revenue Service to resolve their questions ahead of filing, according to a new report.
PCAOB supplements guidance on remediation process
The Public Company Accounting Oversight Board released a supplement Wednesday to its staff guidance on the remediation process for auditing firms that have deficiencies in quality control that need to be fixed.
IRS offers penalty relief for late-filed foreign gift forms
The Internal Revenue Service has decided to stop automatically levying penalties when a taxpayer files a form reporting foreign gifts too late.