By any other name; poor Service; a saga continues; and other highlights of recent tax cases.
Day: June 12, 2025
IRS extends deadline on crypto broker reporting and withholding
The Treasury Department and the IRS are giving brokers additional time to comply with requirements to report on digital asset sales and withhold taxes.
ISSB standards adopted more widely across globe
The International Financial Reporting Standards Foundation has posted profiles of 17 of the 36 jurisdictions that have either adopted or used the disclosures.
Billy Long confirmed as IRS commissioner
The Senate confirmed Billy Long, a former Republican congressman from Missouri, as the new IRS commissioner amid staffing and budget cuts at the agency.
PCAOB sanctions firm, partner on five audits
The Public Company Accounting Oversight Board sanctioned Heaton & Co. and one of its partners, Kristofer Heaton, for failing to properly document five audits.