Brace yourself; more Ultimate crimes; good enough; and other highlights of recent tax cases.
Day: December 5, 2024
Senate panel approves TIGTA nominee
The Senate Finance Committee voted along party lines to approve David Samuel Johnson as the next Treasury Inspector General for Tax Administration.
Judge halts CTA and BOI reporting enforcement
A federal district court has issued a preliminary injunction to prevent the government from enforcing the Corporate Transparency Act.
PCAOB finds audit firm culture impacts quality
The Public Company Accounting Oversight Board is also offering insights on improving audit committee communications and a video on the new confirmation standard.
Partnerships have options for fixing tax errors
As the IRS scrutinizes large partnerships, they have new ways to report and correct errors in their returns.
Court halts BOI reporting; AICPA urges preparedness
Finding the Corporate Transparency Act “likely unconstitutional,” a federal district court prohibited its enforcement and the enforcement of its accompanying regulations.